entity · derived
Institutions
Derived node: assembled mechanically from the claims carrying institutions. A roster, not an adjudicated definition.
Every claim under this term
- 2267560-023 : Unenforceable rules are irrelevant for purposes of economic analysis because they provide neither incentives nor sanctions, and legal rules without enforcement mechanisms do not qualify as institution
- 3405401-026 : Centralized capitalist institutions have been built entirely around centralized and hierarchical reputation systems, which is why replacing them requires a decentralized reputation substitute.
- 3782201-015 : The fallacy of uniformitarianism is the belief that the social harmony we enjoy today, especially in economically advanced nations, is natural and automatic rather than the product of cultural and pub
- 3782201-016 : Middlemen such as police, lawyers, and insurance salesmen are the catalysts that exist to overcome the friction of economic corruption, and engineers who eliminate them mistake the catalyst for the fr
- 3782201-017 : Human middlemen have an incentive not to entirely eliminate the corruption they are paid to overcome, which is one reason they become falsely identified with the friction itself.
- 3782201-036 : Middlemen persist rather than being automated away because there are certain junctures in business where novel problems regularly arise whenever circumstances change, requiring creative solutions that
- 3782205-006 : The eight institutions are necessary conditions for business, which grinds to a halt without them, yet when they run well they consume only a tiny fraction of the economy's resources.
- 3782216-001 : The decentralized economy cannot fully proliferate until it acquires the institutions ordinary commerce depends on, above all a secure and meaningful reputation system for anonymous supranational part
- 3782216-002 : Because the decentralized economy currently lacks many of the civil institutions available in the larger economy, the average person should not invest anything in the crypto economy.
- 3808859-005 : Technological transformation stalls until its supporting infrastructure exists: the digital transformation was inhibited until infrastructure was built, laws were updated, and new institutions were cr
- 3808867-009 : Decentralism holds that trust in a system should not be controlled by corruptible human constructs and institutions run by a limited number of fallible humans; instead trust rests on technology enhanc
- 4900878-008 : Quantum economics and New Institutional Economics diverge at the level of first principles: NIE treats uncertainty as something institutions exist to reduce, while quantum economics treats uncertainty
- 4900880-011 : Quantum economics and New Institutional Economics treat uncertainty in opposite ways: NIE casts institutions as devices for reducing uncertainty and stabilizing the economy, while quantum economics bu
- 5886342-039 : Amendment authority is centralized: the UDLC Governing Council holds the exclusive authority to amend any Book or provision of the Codex, while proposals may originate from the association bodies, reg