kaal:claim:2267560-004

The institutional infrastructure for rulemaking was designed for a relatively stable society and stable economic and market environments, and it therefore fails to keep pace with rapidly evolving and increasingly complex modern markets.

Source quote, verbatim
The growing number of rule enactments, revisions, and revocations suggests that existing rules and institutional structures for rulemaking are becoming less capable of addressing the rapid pace of change.
From

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), II. Dynamic Elements in the Evolution of Law, p. 3
https://ssrn.com/abstract=2267560 · source PDF

Cite as

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013). SSRN: https://ssrn.com/abstract=2267560

Holds when
Classification

failuresupport: arguedfailure: static rulemaking infrastructure outpaced by changefamily: regulatory-laginstitutional-designdynamic-regulation

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