6533b859fe1ef96bd12b6eb6

RESEARCH PRODUCT

From custom to law, an economic rationale behind the black lettering

Salvatore SpaganoGuido Rossi

subject

Economics and EconometricsComputer science05 social sciencesLetteringGeneral Business Management and AccountingThreshold numberHayekTransformation (function)Order (business)Law0502 economics and businesscustomary law Hayek050207 economicsimposed rulesspontaneous rules050203 business & management

description

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.

10.1080/00213624.2018.1535953https://hdl.handle.net/20.500.11820/f82c2579-da39-4439-a7c0-aa8f07eb025b