From Custom to Law, An Economic Rationale behind the Black Lettering

From Custom to Law, An Economic Rationale behind the Black Lettering

This article employs the number of rule recipients in order to explain the transformation of some customs into laws. The publication of rules may mark the reaching of the threshold number beyond which the spontaneous rule leaves room for the State intervention. In addition, the publication resolves...

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Veröffentlicht in:Journal of economic issues 2018-10, Vol.52 (4), p.1109-1124
Hauptverfasser: Rossi, Guido, Spagano, Salvatore
Format: Artikel
Sprache:eng
Schlagworte:
B52T
Hayek
imposed rules
International law
Law
Social life & customs
spontaneous rules
State intervention
Transformation
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Beschreibung
Zusammenfassung:This article employs the number of rule recipients in order to explain the transformation of some customs into laws. The publication of rules may mark the reaching of the threshold number beyond which the spontaneous rule leaves room for the State intervention. In addition, the publication resolves a couple of questions that Hayek left unresolved. Examples are provided from ancient merchant customs and contemporary international law.
ISSN:0021-3624
1946-326X
DOI:10.1080/00213624.2018.1535953