Observational analysis highlights the financial crisis in fiat currency, suggesting benefits of social-business digital currencies in the digital economy.
Why the econometric formalism of the neoclassical synthesis doesn’t work in the digital economy and how to undertake private initiatives to overcome the financial crisis based on fiat currency? Using heterodox theoretical and methodological frameworks, this paper offers a review of the main changes resulting from digitalization, which have revealed the flaws in mainstream approaches and how to overcome them byreviewing the theory of money and the practice of social-business digital currencies (SBDCs). The maingoal is how to show the advantages to use the SBDC, as alt-money (private, participatory, and decentralized money), that promotes the transactions and it motivates agents to be more productive and autonomous,while also it helps in the coordination of a spontaneous order that improves social-environmental recompenses.
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Antonio Sánchez‐Bayón (2025) studied this question.
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