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Do cryptocurrencies really have (no) intrinsic value?
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2022 | Electronic Markets | Citations: 5
Authors: Treiblmaier, Horst

Abstract: Depending on the chosen perspective, cryptocurrencies either constitute a unique ... Expand

Abstract: Depending on the chosen perspective, cryptocurrencies either constitute a unique opportunity to end national patronizing built on debt-based fiat money (currency) or a menace to a well-established financial order that ensures economic stability. A central issue in the heated debate surrounding cryptocurrencies is whether they have any intrinsic value at all. In this conceptual position paper, we briefly summarize existing standpoints and suggest three alternative propositions: (1) to avoid using the term “intrinsic value” for the valuation of cryptocurrencies, (2) to refer to the sum total of all properties that could potentially qualify them as money, and (3) to consider the amount of capital and energy that is needed to create them. These suggestions bear substantial implications for the economic classification of cryptocurrencies. Collapse

Semantic filters: macroeconomic theory

Topics: cryptocurrency Bitcoin computer hardware

Methods: experiment

Theories: macroeconomic theory
Will the New Economy Emerge as Information Technology Pays Off?

2001 | Journal of the Association for Information Systems | Citations: 0
Authors: Shu, Wesley S.

Abstract: During the past 30 years, the U.S. economy, along with the economies of other i ... Expand

Abstract: During the past 30 years, the U.S. economy, along with the economies of other industrialized countries, has experienced several noticeable trends: an economic slowdown, a tremendous increase in the amount of information technology investment, and a increasing flow of workers from production to information sectors. With slow economic growth and fast IT capital accumulation, the so-called "information technology productivity paradox" has become a prevailing concept in the literature. Many researchers have attempted to solve the paradox by firm-level analysis. Indeed, a macroeconomic analysis, using a nation as an analysis unit, is not common in MIS research. By considering the complex triangular relationships of the above economic trends, this paper applies econometric models and macroeconomic theories to try to solve the IT productivity paradox. Emphasis is placed on the impact of information technology impact on the flow of workers from the production to the information sector and on the effect of Journal of the Association for Information Systems 2 such a flow on productivity. The paper demonstrates that the flow could unravel the IT productivity paradox and provide a prediction of future economic growth. Collapse

Semantic filters: macroeconomic theory

Topics: productivity IT investment IT productivity paradox IT productivity technology diffusion

Methods: longitudinal research econometric modeling statistical hypothesis test autoregressive model regression analysis method

Theories: theory of economic growth macroeconomic theory

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Do cryptocurrencies really have (no) intrinsic value?

Will the New Economy Emerge as Information Technology Pays Off?