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This collection on American democracy challenges and complements blog posts and opinion pieces that are typical staples of the 24/7 news cycle in the lead up to US elections. You'll find reports about election and campaign administration, voting access and participation, government performance and perceptions, the role of the media in civil society, and more.

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"VOTE!" by Paul Sableman licensed under CC BY 2.0

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The Economics of Crypto-Democracy

August 14, 2017

Democracy is an economic problem of choice constrained by transaction costs and information costs. Society must choose between competing institutional frameworks for the conduct of voting and elections. These decisions are constrained by the technologies and institutions available. Blockchains are a governance technology that reduces the costs of consensus, coordinating information, and monitoring and enforcing contracts. Blockchain could be applied to the voting and electoral process to form a crypto-democracy. Analysed through the Institutional Possibility Frontier framework, we propose that blockchain lowers disorder and dictatorship costs of the voting and electoral process. In addition to efficiency gains, this technological progress has implications for decentralised institutions of voting. One application of crypto-democracy, quadratic voting, is discussed.

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