Legal Polycentrism, the Circularity Problem, and the Regression Theorem of Institutional Development
Quarterly Journal of Austrian Economics
Author:
Jakub Bożydar Wiśniewski
Online Publish Date:
Volume 17, No. 4 (Winter 2014) Legal polycentrism is the view that law and defense are, in relevant respects, no different from other goods and services normally supplied by the market, and that, in view of the generally acknowledged superior allocative properties of the market, freely competing protection and arbitration agencies would provide