#37 – Gillian Hadfield on Regulatory Markets, Silly Rules, and why Humans Invented Law
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What Is a Classification Institution Mechanism and an Enforcement Regime?
Jillian Bell: We don't see a centralized enforcement regime. People do exactly as you say, she says. The athenian society emerged after periods of time when it's the elites that are creating the rules and they can change them whenever they want. But then there is a decentralized system for enforcing that we've been relying on since ancient times.Bell: It's a combination of a classification institution mechanism and an enforcement mechanism.
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