Simple rules for a more inclusive economy

Research output: Contribution to journalArticlepeer-review

4 Scopus citations


This paper explores some of the reasons why capitalism experiences periodic crises of legitimacy and asks whether Richard Epstein’s “simple rules” heuristic can help. The current legitimacy problem is exacerbated by the fact that we are also in a low growth situation. This means that some policy instruments that could have been used to increase legitimacy may no longer be available. The “simple rules” heuristic can help as a guide to reforms that would simultaneously address the legitimacy problem, while avoiding making the growth problem worse.

Original languageEnglish (US)
Pages (from-to)229-249
Number of pages21
JournalEuropean Journal of Law and Economics
Issue number2-3
StatePublished - Dec 2021


  • Economic disruption
  • Generality norm
  • Growth
  • Inequality
  • Legitimacy
  • Rule of law

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics
  • Law


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