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Retrogressive regime drift within a theory of emergent order

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  • Richard Wagner

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. Copyright Springer Science + Business Media, Inc. 2006

Suggested Citation

  • Richard Wagner, 2006. "Retrogressive regime drift within a theory of emergent order," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(2), pages 113-123, June.
    • Handle: RePEc:kap:revaec:v:19:y:2006:i:2:p:113-123
    DOI: 10.1007/s11138-006-7343-6
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    References listed on IDEAS

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    1. Wagner, Richard E., 2006. "States and the crafting of souls: Mind, society, and fiscal sociology," Journal of Economic Behavior & Organization, Elsevier, vol. 59(4), pages 516-524, April.
    2. Richard Wagner, 1992. "Crafting social rules: Common law vs. statute law, once again," Constitutional Political Economy, Springer, vol. 3(3), pages 381-397, September.
    3. Schlicht, Ekkehart, 1998. "On Custom in the Economy," OUP Catalogue, Oxford University Press, number 9780198292241.
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    Cited by:

    1. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, September.
    2. Richard E. Wagner, 2012. "Deficits, Debt, and Democracy," Books, Edward Elgar Publishing, number 14477.
    3. Marta Podemska-Mikluch, 2014. "Public Policy: Object of Choice or Emergent Phenomena? Learning from the Implementation of the Medical Reimbursement Act in Poland," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 93-110, Emerald Group Publishing Limited.
    4. Marta Podemska-Mikluch, 2015. "Elections vs. political competition: The case of the Polish-Lithuanian Commonwealth," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(2), pages 167-178, June.
    5. Roger Koppl, 2014. "Introduction to “Entangled Political Economy”," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 1-13, Emerald Group Publishing Limited.

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