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.

中文翻译：

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建立更具包容性的经济的简单规则

本文探讨了资本主义经历周期性合法性危机的一些原因，并询问理查德·爱泼斯坦的“简单规则”启发式方法是否可以提供帮助。我们也处于低增长状态，这使当前的合法性问题更加恶化。这意味着一些本来可以用来提高合法性的政策工具可能不再可用。“简单规则”启发式方法可以作为指导改革的指南，该改革应同时解决合法性问题，同时避免使增长问题变得更糟。