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On Undermining the Administrative State
crookedtimber.org · published 7 February 2025
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we%20will%20argue%20that%20novel%20externalities%20reveal%20how%20the%20state%20is%20required%20as%20a%20machinery%20of%20record%20as%20an%20enabling%20structure%20for%20the%20market%20to%20play%20its%20epistemic%20and%20distributional%20roles;%20and%20that%20individual%20agency%20within%20and%20outside%20markets%20enables%20the%20state%20to%20be%20a%20more%20apt%20machinery%20of%20record.%20a%20machinery%20of%20record%20facilitates%20effective%20feedback%20and%20learning%20within%20decentralised%20institutions.