2023 Abstracts Stage 3

Assessing the Ethical Justification of Cryptocurrencies: A Multilevel Economic Analysis Spanning Micro and Macro Perspectives

Freddie Williams, 2023, Stage 3

Cryptocurrencies have experienced rapid growth in terms of their usage and adoption, showing that they have the potential to change how th economic world functions. Through the use of various ethical theories, these being utilitarianism with reference to Bentham and Singer, Deontology and Kantian ethics and Social Contract Theory looking at the ideas of Locke and Rawls. This paper intends to evaluate whether cryptocurrencies can be justified through an examination of their effect on micro and macroeconomics, by applying the ethical theories and reaching a conclusion through them.

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