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Wildcat Currency: How the Virtual Money Revolution Is Transforming the Economy

by Edward Castronova
Wildcat Currency: How the Virtual Money Revolution Is Transforming the Economy

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ISBN13: 9780300212495
ISBN10: 0300212496



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Synopses & Reviews

Publisher Comments

Private currencies have always existed, from notes printed by individual banks to the S&H Green Stamps to Bitcoin. Todays economy has seen an explosion of new forms of monetary exchange not created by the federal government. Credit card companies offer points that can be traded in for a variety of goods and services, from airline miles to online store credit. Online game creators have devised new mediums of electronic exchange that turn virtual money into real money. Meanwhile, real money is increasingly going digital, where it competes with  private currencies like Bitcoin. The virtual and the real economic worlds are intermingling more than ever before, raising the possibility that this new money might eventually replace the government-run system of dollars, euros, and yen.

Edward Castronova is the leading researcher in this field, a founder of scholarly online game studies and an expert on the economies of virtual worlds. In this dynamic and essential work, he explores the current phenomenon of virtual currencies and what it will mean legally, politically, and economically in the future. In doing so, he provides a fascinating, often surprising discourse on the meaning of money itself—what it is, what we think it is, and how we relate to it on an emotional level.

Synopsis

An intriguing look at the exploding phenomenon of unregulated private currencies and how they will change our economy forever
Private currencies have always existed, from notes printed by individual banks to the S&H Green Stamps to Bitcoin. Today's economy has seen an explosion of new forms of monetary exchange not created by the federal government. Credit card companies offer points that can be traded in for a variety of goods and services, from airline miles to online store credit. Online game creators have devised new mediums of electronic exchange that turn virtual money into real money. Meanwhile, real money is increasingly going digital, where it competes with private currencies like Bitcoin. The virtual and the real economic worlds are intermingling more than ever before, raising the possibility that this new money might eventually replace the government-run system of dollars, euros, and yen.
Edward Castronova is the leading researcher in this field, a founder of scholarly online game studies and an expert on the economies of virtual worlds. In this dynamic and essential work, he explores the current phenomenon of virtual currencies and what it will mean legally, politically, and economically in the future. In doing so, he provides a fascinating, often surprising discourse on the meaning of money itself--what it is, what we think it is, and how we relate to it on an emotional level.

About the Author

Edward Castronova is professor of media and cognitive science at Indiana University. His previous publications include Synthetic Worlds and Exodus to the Virtual World. He lives in Bloomington, IN.

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Product Details

ISBN:
9780300212495
Binding:
Trade Paperback
Publication date:
06/30/2015
Publisher:
Yale University Press
Language:
English
Pages:
288
Height:
.80IN
Width:
5.70IN
Thickness:
1.00
Series Volume:
How the Virtual Mone
Author:
Edward Castronova
Author:
Edward Castronova
Subject:
Business-Accounting and Finance

Ships free on qualified orders.
Add to Cart
$58.67
New Trade Paperback
Available at a Remote Warehouse. Ships separately from other items. Additional shipping charges may apply. Not available for In Store Pickup. More Info
Add to Wishlist
QtyStore
20Remote Warehouse
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