Jamal Awil

← Trust - Making and Breaking Cooperative…

Institutional devices fail when environments become more predictable. [causal]

If the devices are not — the second of my three ironies — undermined by the aristocrats themselves, they can be undermined by a more predictable environment. And they can be overriden by a power — even an alternative aristocracy — which is independent of the interests which maintain them.

Diego Gambetta, Trust - Making and Breaking…, loc. 1600