Article
Abstract rules for complex systems
European Journal of Law and Economics
(2021)
Abstract
This article addresses the question—What is the structure of rules required to under- gird a complex dynamic system of actions such as the market economy? The idea of simplicity does not adequately highlight the particular characteristics that the rules must possess. Instead, this article explores the key requirement of abstractness. This is a multifaceted concept. It manifests itself in the abstract formulation of the ante- cedent clause in rules, and in ends-independence, decomposability, and generality. These requirements do not directly influence the size or scope of the state but they may indirectly do so by precluding certain forms of intervention.
Keywords
- rules,
- abstractness,
- complexity,
- stability,
- predictability
Disciplines
Publication Date
January 25, 2021
DOI
https://doi.org/10.1007/s10657-020-09679-x
Citation Information
Mario J Rizzo. "Abstract rules for complex systems" European Journal of Law and Economics Vol. 51 Iss. 1 (2021) ISSN: 0929-1261 Available at: http://works.bepress.com/mario_rizzo/53/