Joshua Gans of University of Toronto reviews “Making Wise Decisions in a Smart World: Responsible Leadership in an Era of Artificial Intelligence” by Peter Verhezen. The Econlit abstract of this book begins: “Considers the importance of sound decision-making in the uncertain and turbulent era of artificial intelligence (AI), discussing how organizations can create sustainable value and thrive without harming others.”

Since its launch in 2009 much has been written about Bitcoin, cryptocurrencies, and blockchains. While the discussions initially took place mostly on blogs and other popular media, we now are witnessing the emergence of a growing body of rigorous academic research on these topics. By the nature of the phenomenon analyzed, this research spans many academic disciplines including macroeconomics, law and economics, and computer science. This survey focuses on the microeconomics of crypto-currencies themselves. What drives their supply, demand, trading price, and competition amongst them? This literature has been emerging over the past decade and the purpose of this paper is to summarize its main findings so as to establish a base upon which future research can be conducted. (JEL D82, E42, G12)