Month: September 2026

From reaction functions to the assumption layer What do economists or social scientists actually do? Ultimately in our attempt to understand society and human behavior more generally, one key goal is to learn “reaction functions”. That is, we make structured attempts to know or learn and predict how individuals, firms, voters, bureaucrats, etc respond when…

I wanted to elaborate a bit more on some thinking that has been developing over the past few years. I posted this on a social channel. It is well established that common law versus civil law based systems have some key structural differences. Most obviously: common law involves customs, conventions and, in the case of…