kaal:claim:2267560-013

Dynamic regulation is a form of Popper's piecemeal social engineering rather than holistic or utopian social engineering, because it is a piecemeal optimization process for institutional design with a largely private character.

The largely private character of dynamic regulation in combination with its piecemeal optimization features for rulemaking underscores its affiliation with piecemeal social engineering.

Wulf A. Kaal, Evolution of Law Dynamic Regulation in a New Institutional Economics Framework (2013), II.3 Dynamic Regulation as Piecemeal Social Engineering, p. 7
https://ssrn.com/abstract=2267560 · source PDF

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

definitionalsupport: argueddynamic-regulationinstitutional-design

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