Economic activity can be regarded as an evolutionary process governed by the 2 law of thermodynamics. The universal law, when formulated locally as an equation of motion, reveals that a growing economy develops functional machinery and organizes hierarchically in such a way as to tend to equalize energy density differences within the economy and in respect to the surroundings it is open to. Div...

This book contains a collection of selected readings on the subject of independent regulation. The articles in the book have appeared in reputed journals including the Journal of Law and Economics, Bell Journal of Economics, Review of Economic Studies, Journal of Political Economy, Quarterly Journal of Economics, American Economic Review, Virginia Law Review, Journal of Law, Economics and Organ...

among the most important issues in the software industry is the interoperability of computer programs that encompasses a numerous legal and economic results. advocating interoperable creation leads to software development, whereas a sheer and full support shall contravene the rights of the original program authors. therefore, on the other hand, different legal systems in order to protect the ri...

Considers issues of qualitative and quantitative development of the world's technologists-economic structures and their forecast trends in the context of the earlier of the proposed law «aspirations of the economic systems of the ideal», and also places them in the economy of Ukraine. The analysis revealed the inadequacy of the existing innovative economic policy and sets out some of the aspect...

We analyze the determinants of effective legal institutions (legality) using data from 49 countries. We show that the way the law was initially transplanted and received is a more important determinant than the supply of law from a particular legal family. Countries that have developed legal orders internally, adapted the transplanted law, and/or had a population that was already familiar with ...

Second Law efficiency is a useful parameter for characterizing the energy requirements of a system in relation to the limits of performance prescribed by the Laws of Thermodynamics. However, since energy costs typically represent less than 50% of the overall cost of product for many large-scale plants (and, in particular, for desalination plants), it is useful to have a parameter that can chara...

We study a class of models in which the law of motion perceived by agents influences the law of motion that they actually face. We assume that agents update their perceived law of motion by least squares. We show how the perceived law of motion and the actual one may converge to one another, depending on the behavior of a particular ordinary differential equation. The differential equation invo...

This Reply to Critics takes the vantage point of “affordances” to respond to the reviews of five noted scholars of law, philosophy and political science to Smart Technologies and the End(s) of Law: Novel Entanglements of Law and Philosophy. The reply interacts with the points made, by revisiting the dependencies between law and its technological embodiment, insisting that we cannot take for gra...