LawOS—regulations as society's operating system
Thursday, November 10, 2016 - 08:01
in Mathematics & Economics
Much as Linux, Windows, and iOS coordinate the execution of computing applications, laws coordinate the execution of human society. When new kinds of interactions emerge – sharing our airspace with private drones, for example, or algorithmic trading on financial markets – new laws are encoded to regulate those activities. Laws respond to conflicts of interest, keep criminals and cheats in check, and temper the abuse of power.