Why am I passionate about this?
I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.
Richard's book list on books about the digital economy
Why did Richard love this book?
Well, the author is a friend of mine but it’s also on a topic close to my own academic research interests. So it was kind of compulsory reading for me, but it might be the most enjoyable compulsory reading I’ve ever done.
I thought NFTs were just a gimmick to do with internet pictures. But the authors explain, with great examples, that NFTs are best thought of as a new technology for creating digital assets. And better still, providing the true owner with irrefutable proof of ownership of these digital assets.
What I took away was that NFTs are a new technology for tracking property rights. And since property rights have been fundamental to economic development for millennia, this is a topic one can’t afford not to understand.
1 author picked The Everything Token as one of their favorite books, and they share why you should read it.
NFTs cause excitement and skepticism. How much value can a token hold? What drives this value?
To properly appreciate NFTs we must first understand what they actually are, how they work and in what contexts they are used.
The Everything Token is an essential primer on NFTs (non-fungible tokens), explaining their use, purpose, and how businesses can create and exploit them to develop new product lines, building customer loyalty and increased revenues at the same time.
Together the authors have spent much of the past few years embedded in NFT communities and helping launch NFT products. As self-described beta testers…