Key features of critical ethical naturalism (CEN) can be more fully appreciated by considering them in relation to themes in Aristotle’s ethics and politics. Drawing on Aristotle’s writings, four central features of CEN are explored. The first aspect of CEN considered concerns its recognition that we are community beings that are mutually constituted and subject to co-development, Aristotle’s discussion of character friendship and our essentially political nature supports a fuller appreciation of what this involves and implies. A second aspect of CEN examined relates to the use of the term ‘eudaimonia’ to refer to a life of a human fulfilled (a life of flourishing)—Aristotle’s own use of the term is considered and shown to be valuable in clarifying its deployment in CEN. The third feature of CEN discussed concerns the extent to which all humans are critical ethical naturalists due to their inherent dispositions to care. Aristotle is seen as supporting the view that we have an inbuilt tendency to care but is shown to also maintain that humans, when rational, choose to endorse their caring (rather than other) tendencies not simply because they are natural but because they are good. These insights enable a better appreciation of CEN’s claims by clarifying the connections between our rational faculties and our innate tendencies to care for others. Finally, the recognition in CEN of the vulnerabilities of humans stemming from their communal nature and the analysis of ways in which certain configurations of social relations weaken our tendencies to care and form obstacles in the path to a good society are shown to echo important reservations Aristotle had about certain forms of association. Aristotle’s notion of organicity in the development of social arrangements is shown to provide useful clarifications regarding the notion of authenticity (and its connections with human flourishing) as the latter is deployed in CEN.
{"title":"Aristotelian themes in critical ethical naturalism","authors":"A. Ragkousis","doi":"10.1093/cje/bead014","DOIUrl":"https://doi.org/10.1093/cje/bead014","url":null,"abstract":"\u0000 Key features of critical ethical naturalism (CEN) can be more fully appreciated by considering them in relation to themes in Aristotle’s ethics and politics. Drawing on Aristotle’s writings, four central features of CEN are explored. The first aspect of CEN considered concerns its recognition that we are community beings that are mutually constituted and subject to co-development, Aristotle’s discussion of character friendship and our essentially political nature supports a fuller appreciation of what this involves and implies. A second aspect of CEN examined relates to the use of the term ‘eudaimonia’ to refer to a life of a human fulfilled (a life of flourishing)—Aristotle’s own use of the term is considered and shown to be valuable in clarifying its deployment in CEN. The third feature of CEN discussed concerns the extent to which all humans are critical ethical naturalists due to their inherent dispositions to care. Aristotle is seen as supporting the view that we have an inbuilt tendency to care but is shown to also maintain that humans, when rational, choose to endorse their caring (rather than other) tendencies not simply because they are natural but because they are good. These insights enable a better appreciation of CEN’s claims by clarifying the connections between our rational faculties and our innate tendencies to care for others. Finally, the recognition in CEN of the vulnerabilities of humans stemming from their communal nature and the analysis of ways in which certain configurations of social relations weaken our tendencies to care and form obstacles in the path to a good society are shown to echo important reservations Aristotle had about certain forms of association. Aristotle’s notion of organicity in the development of social arrangements is shown to provide useful clarifications regarding the notion of authenticity (and its connections with human flourishing) as the latter is deployed in CEN.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46077615","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
An account of the nature of human community organising structures has been systemised as social positioning theory. Here I explore the sorts of human entities that are able successfully to draw on and make use of community structures of the form portrayed in the theory, focussing especially on the sorts of human community interactions that are facilitated.
{"title":"The human person, the human social individual and community interactions","authors":"T. Lawson","doi":"10.1093/cje/bead016","DOIUrl":"https://doi.org/10.1093/cje/bead016","url":null,"abstract":"\u0000 An account of the nature of human community organising structures has been systemised as social positioning theory. Here I explore the sorts of human entities that are able successfully to draw on and make use of community structures of the form portrayed in the theory, focussing especially on the sorts of human community interactions that are facilitated.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44665623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Joan Robinson provided numerous contributions to economic theory, ranging from her earlier approach to imperfect competition to her participation in the Keynesian revolution, which had a significant influence in the Cambridge heterodox wing, and Post-Keynesianism. But towards the end of her life, her rejection of received theories was great enough to be often interpreted as a form of theoretical nihilism. However, at this stage she also outlined a radical project for a reconstruction of economic theory, drawing on her notion of historical time, while placing distribution at the centre of economic theory. This later project of a reconstruction of economic theory is revisited here, focussing on the various difficulties it faced, and its overall significance and impact.
{"title":"Joan Robinson and the reconstruction of economic theory","authors":"N. Martins","doi":"10.1093/cje/bead018","DOIUrl":"https://doi.org/10.1093/cje/bead018","url":null,"abstract":"\u0000 Joan Robinson provided numerous contributions to economic theory, ranging from her earlier approach to imperfect competition to her participation in the Keynesian revolution, which had a significant influence in the Cambridge heterodox wing, and Post-Keynesianism. But towards the end of her life, her rejection of received theories was great enough to be often interpreted as a form of theoretical nihilism. However, at this stage she also outlined a radical project for a reconstruction of economic theory, drawing on her notion of historical time, while placing distribution at the centre of economic theory. This later project of a reconstruction of economic theory is revisited here, focussing on the various difficulties it faced, and its overall significance and impact.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48832474","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Mazzucato, Josh Ryan‐Collins, Giorgos Gouzoulis
There is increasing consensus that modern capitalist economies suffer from excessive rent extraction in both financial and real economy sectors. However, scholars have yet to develop a coherent analytical framework for identifying the common characteristics of modern economic rents. In particular, there has been little attention paid to distinguishing ‘good’ rents—key to innovation and growth—from ‘bad’ forms which contribute to economic stagnation and inequalities of wealth and income. This paper takes some first steps in this direction. We first review the existing rent theory most pertinent to this distinction, including classical political economy, the early twentieth century institutionalists, neoclassical perspectives and Keynes’s analysis of financial rentiers. Secondly, we map and conceptualise some key stylised features of modern rents, drawing on descriptive empirical evidence. We then identify the key questions that these developments raise for rent theory, elaborating a new research and policy agenda.
{"title":"Mapping modern economic rents: the good, the bad, and the grey areas","authors":"M. Mazzucato, Josh Ryan‐Collins, Giorgos Gouzoulis","doi":"10.1093/cje/bead013","DOIUrl":"https://doi.org/10.1093/cje/bead013","url":null,"abstract":"\u0000 There is increasing consensus that modern capitalist economies suffer from excessive rent extraction in both financial and real economy sectors. However, scholars have yet to develop a coherent analytical framework for identifying the common characteristics of modern economic rents. In particular, there has been little attention paid to distinguishing ‘good’ rents—key to innovation and growth—from ‘bad’ forms which contribute to economic stagnation and inequalities of wealth and income. This paper takes some first steps in this direction. We first review the existing rent theory most pertinent to this distinction, including classical political economy, the early twentieth century institutionalists, neoclassical perspectives and Keynes’s analysis of financial rentiers. Secondly, we map and conceptualise some key stylised features of modern rents, drawing on descriptive empirical evidence. We then identify the key questions that these developments raise for rent theory, elaborating a new research and policy agenda.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":"1 1","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41489369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study focuses on the Austrian media coverage of wealth taxes by conducting a content analysis of all commentary pieces published in 2005–2020 by five Austrian daily newspapers. We find (i) that the majority of commentaries take a negative position towards wealth taxation, (ii) that journalists write more negative comments than guest authors do and (iii) 50 argumentative patterns in five main categories. In light of these findings, we discuss several potential drivers of the predominantly negative wealth taxation coverage: the high degree of ownership concentration by wealthy families and institutions in the Austrian newspaper market, the importance of advertising to fund newspapers and the influence of elite institutions as providers of information. Finally, we embed our findings in recent literature and illustrate similarities and differences of the German and Austrian media coverage of wealth taxation.
{"title":"Wealth taxation in the Austrian Press from 2005 to 2020: a critical political economy analysis","authors":"Quirin Dammerer, Georg Hubmann, Hendrik Theine","doi":"10.1093/cje/bead011","DOIUrl":"https://doi.org/10.1093/cje/bead011","url":null,"abstract":"\u0000 This study focuses on the Austrian media coverage of wealth taxes by conducting a content analysis of all commentary pieces published in 2005–2020 by five Austrian daily newspapers. We find (i) that the majority of commentaries take a negative position towards wealth taxation, (ii) that journalists write more negative comments than guest authors do and (iii) 50 argumentative patterns in five main categories. In light of these findings, we discuss several potential drivers of the predominantly negative wealth taxation coverage: the high degree of ownership concentration by wealthy families and institutions in the Austrian newspaper market, the importance of advertising to fund newspapers and the influence of elite institutions as providers of information. Finally, we embed our findings in recent literature and illustrate similarities and differences of the German and Austrian media coverage of wealth taxation.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45436382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Algorithmic management has a clear potential to reduce time spent at work by increasing efficiency in task allocation and performance, and by replacing some forms of human labour. As a result it should, in theory, advance the implementation of working time reduction policies. Automation of organisational functions indeed increases time-efficiency through the scheduling of work in more finely grained time units, closely matched with demand and the minimising of unproductive periods. This results in atomised and punctuated working time. However, instead of an increase in leisure time, workers who are managed algorithmically experience pressures towards incessant availability. This results in an apparent paradox whereby the time needed to complete paid work shrinks, but the time that must be made available for work expands. This article addresses this puzzle by developing an analytical approach to understanding changes to the temporalities of work ushered by the introduction and expansion of algorithmic management.
{"title":"Algorithms of time: how algorithmic management changes the temporalities of work and prospects for working time reduction","authors":"Agnieszka Piasna","doi":"10.1093/cje/bead017","DOIUrl":"https://doi.org/10.1093/cje/bead017","url":null,"abstract":"\u0000 Algorithmic management has a clear potential to reduce time spent at work by increasing efficiency in task allocation and performance, and by replacing some forms of human labour. As a result it should, in theory, advance the implementation of working time reduction policies. Automation of organisational functions indeed increases time-efficiency through the scheduling of work in more finely grained time units, closely matched with demand and the minimising of unproductive periods. This results in atomised and punctuated working time. However, instead of an increase in leisure time, workers who are managed algorithmically experience pressures towards incessant availability. This results in an apparent paradox whereby the time needed to complete paid work shrinks, but the time that must be made available for work expands. This article addresses this puzzle by developing an analytical approach to understanding changes to the temporalities of work ushered by the introduction and expansion of algorithmic management.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":"1 1","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"60806894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The stagnation of investments and its causes have attracted great attention in the recent economic debate. In this paper, we show that during the Great Recession, the flattening of the capital formation rate at the firm level is not due to lower average propensity to invest. Rather, it is the result of growing heterogeneity of choices among firms. While a subset of firms is oriented towards increasing investments, another group substantially divest. The result is a polarization of conducts that tend to cancel each other out, resulting in a flattening of aggregate investment. We argue that this asymmetry in firm’s decisions depends on two main factors. The first one is the diversity of corporate strategies, which firms have developed in the past. The second driver is managerial discretion, that plays an important role in the adoption of specific investment/divestment trajectories when faced with a recession. The results of our empirical analysis provide strong support for our hypotheses: after controlling for contextual and firm-specific structural, financial and demographic variables, corporate strategies and managerial discretion in the allocation of liquid assets explain large part of the heterogeneity in investment decisions during the recession. Policy implications are discussed.
{"title":"Sluggish investment, crisis and firm heterogeneity","authors":"A. Arrighetti, F. Landini","doi":"10.1093/cje/bead015","DOIUrl":"https://doi.org/10.1093/cje/bead015","url":null,"abstract":"\u0000 The stagnation of investments and its causes have attracted great attention in the recent economic debate. In this paper, we show that during the Great Recession, the flattening of the capital formation rate at the firm level is not due to lower average propensity to invest. Rather, it is the result of growing heterogeneity of choices among firms. While a subset of firms is oriented towards increasing investments, another group substantially divest. The result is a polarization of conducts that tend to cancel each other out, resulting in a flattening of aggregate investment. We argue that this asymmetry in firm’s decisions depends on two main factors. The first one is the diversity of corporate strategies, which firms have developed in the past. The second driver is managerial discretion, that plays an important role in the adoption of specific investment/divestment trajectories when faced with a recession. The results of our empirical analysis provide strong support for our hypotheses: after controlling for contextual and firm-specific structural, financial and demographic variables, corporate strategies and managerial discretion in the allocation of liquid assets explain large part of the heterogeneity in investment decisions during the recession. Policy implications are discussed.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43976381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Guilherme Haluska, Ricardo Summa, Franklin Serrano
The purpose of this paper is to show that the Sraffian Supermultiplier demand-led growth model with an exogenous normal degree of capacity utilisation can be used to analyse the long-lasting reduction in the average actual degree of capacity utilisation in the US economy since the early 2000s. We follow the concept of normal degree of utilisation proposed by Ciccone and we use a simple version of the Supermultiplier model in which the adjustment of capacity to demand is slow. We show this in two steps. First, we examined the data for the industrial sector for the US economy and found no relevant change in the average-to-peak indicators, which could indicate a general reduction in the normal degree of capacity utilisation. Second, we made two simulations based on our simple Sraffian Supermultiplier model to demonstrate that (i) the process of convergence of actual utilisation to its given normal degree is slow and the model is compatible with long and lasting deviations between actual and normal utilisation after large shocks, and (ii) that successive decreases in output growth rates in the US economy since the begin of the 2000s, combined with a flexible accelerator mechanism, could explain the decrease in average utilisation.
{"title":"The degree of utilisation and the slow adjustment of capacity to demand: reflections on the US Economy from the perspective of the Sraffian Supermultiplier","authors":"Guilherme Haluska, Ricardo Summa, Franklin Serrano","doi":"10.1093/cje/bead010","DOIUrl":"https://doi.org/10.1093/cje/bead010","url":null,"abstract":"\u0000 The purpose of this paper is to show that the Sraffian Supermultiplier demand-led growth model with an exogenous normal degree of capacity utilisation can be used to analyse the long-lasting reduction in the average actual degree of capacity utilisation in the US economy since the early 2000s. We follow the concept of normal degree of utilisation proposed by Ciccone and we use a simple version of the Supermultiplier model in which the adjustment of capacity to demand is slow. We show this in two steps. First, we examined the data for the industrial sector for the US economy and found no relevant change in the average-to-peak indicators, which could indicate a general reduction in the normal degree of capacity utilisation. Second, we made two simulations based on our simple Sraffian Supermultiplier model to demonstrate that (i) the process of convergence of actual utilisation to its given normal degree is slow and the model is compatible with long and lasting deviations between actual and normal utilisation after large shocks, and (ii) that successive decreases in output growth rates in the US economy since the begin of the 2000s, combined with a flexible accelerator mechanism, could explain the decrease in average utilisation.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42981815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Disagreements over the nature of money and consequent confusions regarding liquidity contribute to difficulties integrating monetary theory into the theory of value. For example, an abundance of market liquidity is assumed in asset pricing, whereas a scarcity of monetary liquidity is deemed necessary for consumer price-level determinacy. This paper builds on the insights gained from the evolution of finance to introduce a distinction between exchange liquidity and redemption liquidity as a means of resolving this conceptual dissonance. Both exchange and redemption liquidity can be conceptualised as types of financial option differing in the exercise mechanism offered to the option holder by the option-writer.
{"title":"Exchange liquidity and redemption liquidity","authors":"J. Culham","doi":"10.1093/cje/bead012","DOIUrl":"https://doi.org/10.1093/cje/bead012","url":null,"abstract":"\u0000 Disagreements over the nature of money and consequent confusions regarding liquidity contribute to difficulties integrating monetary theory into the theory of value. For example, an abundance of market liquidity is assumed in asset pricing, whereas a scarcity of monetary liquidity is deemed necessary for consumer price-level determinacy. This paper builds on the insights gained from the evolution of finance to introduce a distinction between exchange liquidity and redemption liquidity as a means of resolving this conceptual dissonance. Both exchange and redemption liquidity can be conceptualised as types of financial option differing in the exercise mechanism offered to the option holder by the option-writer.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46525452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
One of the perennial fault-lines in monetary theory is that between commodity and credit theories of money. The emergence of alternative payment systems based on blockchain and distributed ledger technologies, of which Bitcoin is the most prominent example, has raised a host of important questions in relation to this debate. This article considers two. The first is ontological: Are Bitcoin and similar ‘cryptocurrencies’ best conceived of as money? The second is political: Do these money candidates represent an emancipatory development over state-backed fiat currency? The ontological question, we will argue, invites the political one. If it is the case, as Chartalists maintain, that (i) for some X to be money it must have certain properties which can only be imparted by political authority (broadly understood) and if (ii) political authority ought to be subject to public control, then attempts by private actors to usurp a social ‘money function’ cannot count as legitimate political developments. We will argue in support of this position. This discussion is limited to Bitcoin, though its implications generalize for relevantly similar cryptocurrencies. Our method involves considering, first, claims made by Bitcoin’s defenders about its status as money, and what accounts for that status. While these claims are often thought to extend Mengerite or generally Austrian lines of economic argument, they resonate more with Marx’s theory of monetary value. Moreover, a close assessment of that theory’s defects yields specific normative conclusions that potentially undermine the notion that Bitcoin constitutes a valid means of resisting state monetary authority.
{"title":"Menger or Marx? The political ontology of cryptocurrency","authors":"Tully Rector, J. Allen","doi":"10.1093/cje/bead008","DOIUrl":"https://doi.org/10.1093/cje/bead008","url":null,"abstract":"\u0000 One of the perennial fault-lines in monetary theory is that between commodity and credit theories of money. The emergence of alternative payment systems based on blockchain and distributed ledger technologies, of which Bitcoin is the most prominent example, has raised a host of important questions in relation to this debate. This article considers two. The first is ontological: Are Bitcoin and similar ‘cryptocurrencies’ best conceived of as money? The second is political: Do these money candidates represent an emancipatory development over state-backed fiat currency? The ontological question, we will argue, invites the political one. If it is the case, as Chartalists maintain, that (i) for some X to be money it must have certain properties which can only be imparted by political authority (broadly understood) and if (ii) political authority ought to be subject to public control, then attempts by private actors to usurp a social ‘money function’ cannot count as legitimate political developments. We will argue in support of this position. This discussion is limited to Bitcoin, though its implications generalize for relevantly similar cryptocurrencies. Our method involves considering, first, claims made by Bitcoin’s defenders about its status as money, and what accounts for that status. While these claims are often thought to extend Mengerite or generally Austrian lines of economic argument, they resonate more with Marx’s theory of monetary value. Moreover, a close assessment of that theory’s defects yields specific normative conclusions that potentially undermine the notion that Bitcoin constitutes a valid means of resisting state monetary authority.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42811694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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