Blockchain and smart contracts can be useful in improving efficiency of systems, but what are the downsides? Professor David D. Friedman, anarchist economist and Milton Friedman’s son, explains.

David Director Friedman is an American economist, physicist, legal scholar, and anarcho-capitalist theorist. He is known for his textbook writings on microeconomics and the libertarian theory of anarcho-capitalism, which is the subject of his most popular book, The Machinery of Freedom. Besides The Machinery of Freedom, he has authored several other books and articles, including Price Theory: An Intermediate Text (1986), Law's Order: What Economics Has to Do with Law and Why It Matters (2000), Hidden Order: The Economics of Everyday Life (1996), and Future Imperfect (2008).

David D. Friedman is the son of economists Rose and Milton Friedman. He graduated magna cum laude from Harvard University in 1965, with a bachelor's degree in chemistry and physics. He later earned a master's (1967) and a Ph.D. (1971) in theoretical physics from the University of Chicago. Despite his later career, he never took a class for credit in either economics or law. He is currently a professor of law at Santa Clara University, and a contributing editor for Liberty magazine. He is an atheist. His son, Patri Friedman, has also written about libertarian theory and market anarchism, particularly seasteading.

David Friedman’s main influences: Ronald Coase, Friedrich Hayek, Robert A. Heinlein, Milton Friedman, Rose Friedman, Adam Smith, Richard Timberlake, and Alfred Marshall.

This is the 'Role of BLOCKCHAIN in Stateless System? - David Friedman' clip from the interview, which was recorded on March 15, 2020. The printed version of this talk has been published in 'Finance Manager', the leading business weekly magazine in Slovenia.

Links:
David D. Friedman, interviewee: [ Ссылка ]

Machinery of Freedom (book): [ Ссылка ]

Legal Systems Very Different From Ours (book): [ Ссылка ]

Future Imperfect (book): [ Ссылка ]

Bostjan Usenik, interviewer & producer of the channel: [ Ссылка ]

Printed version of the Finance Manager Interview #007 in 'Finance Manager' magazine: [ Ссылка ]

Photo courtesy: Gage Skidmore (2017 Young Americans for Liberty National Convention in Reston, Virginia)

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