dc.contributor.author | Bagus, Philipp | |
dc.contributor.author | Horra, Luis Pablo de la | |
dc.date.accessioned | 2022-01-26T08:51:01Z | |
dc.date.available | 2022-01-26T08:51:01Z | |
dc.date.issued | 2021 | |
dc.identifier.citation | Business Ethics A European Review · May 2021 | es |
dc.identifier.issn | 2694-6424 | |
dc.identifier.uri | http://hdl.handle.net/10115/18572 | |
dc.description.abstract | The growing importance of the cryptocurrency phenomenon has raised concerns about
the ethical implications of a hypothetical widespread use of these new forms of digital
money. In this paper, we undertake an ethical assessment of cryptocurrencies drawing
upon two specific ethical theories: private property ethics and utilitarianism. Particularly,
we focus on three distinctive aspects. First, we examine the advantages and disadvantages
of cryptocurrencies vis-à-vis central-bank fiat money. Second, we analyze
cryptocurrencies as facilitators of tax evasion and the ethical implications arising
therefrom. Finally, we explore the use of cryptocurrencies for nefarious consumption. We
conclude that, were cryptocurrencies to become widespread media of exchange,
government capacity to undertake monetary, fiscal, and drug policy would be
undermined. We argue that this would be an ethically desirable outcome from both a
private-property rights and a utilitarian perspective since it would force governments to
reduce their size and scope in these three areas. | es |
dc.description.sponsorship | Spanish Ministry of Economy and Competitiveness (GrantNumber(s): ECO2017-84864-P; Grant recipient(s): Luis Pablo de la Horra) | es |
dc.language.iso | eng | es |
dc.publisher | Wiley | es |
dc.rights | Atribución 4.0 Internacional | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | * |
dc.subject | cryptocurrencies | es |
dc.subject | tax evasion | es |
dc.subject | illegal drugs | es |
dc.subject | ethical implications | es |
dc.subject | government | es |
dc.subject | private property | es |
dc.title | An ethical defense of cryptocurrencies | es |
dc.type | info:eu-repo/semantics/article | es |
dc.identifier.doi | 10.1111/beer.12344 | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | es |