Retrogressive regime drift within a theory of emergent order |
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Authors: | Richard E Wagner |
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Institution: | (1) Department of Economics, 3G4, George Mason University, Fairfax, VA, 22030 |
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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 |
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Keywords: | Degeneracy Emergence Fiscal sociology Ordnungstheorie Polycentricity Robustness |
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