RATE Group | Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context
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Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context

23 May Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context

Posted at 09:04h in Bitcoin News by

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Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context

Economics

Professor Robert Shiller, who received the 2013 Nobel prize in economics and is famous for the Case-Shiller Index, published an article on Monday talking about the way the allure of bitcoin fits previous attempts to reinvent money.

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Historical Precedents

Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical ContextThe main question Shiller was trying to answer is how cryptocurrency users can maintain a high level of enthusiasm in the face of constant warnings that it’s all just a big scam. Instead of comparing bitcoin to past technological solutions, as has been done many times before, he puts it in the context of time-based and electricity-backed experimental forms of alternative money.

Putting the technology of Bitcoin on the…

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