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Retrogressive regime drift within a theory of emergent order
Authors:Richard E Wagner
Institution:(1) Department of Economics, 3G4, George Mason University, Fairfax, VA, 22030
Abstract:This paper explores the robustness of systems of political economy from within an emergent perspective. Robustness is a quality of the nexus of relationships that emerge within a political economy, and particular attention is given to processes of regime drift that might generate retrogression within a political economy. The central claim advanced here is that robustness is facilitated through polycentric organizational arrangements that entail high degeneracy, while fragility and the emergence of decadence is facilitated in relatively hierarchical arrangements that possess low degeneracy. JEL Code D02, D78, P16, P48, Z13
Keywords:Degeneracy  Emergence  Fiscal sociology  Ordnungstheorie  Polycentricity  Robustness
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