31 lines
1.2 KiB
Markdown
31 lines
1.2 KiB
Markdown
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---
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entity_slug: engrossers_and_forestallers
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entity_type: Institution
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vsm_system: S3*
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type_rationale: Engrossers and forestallers represent a formal regulatory system with
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specific rules prohibiting certain market behaviors, making them a socially constructed
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governance structure rather than mere principles or processes.
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vsm_rationale: These regulations function as audit and compliance mechanisms designed
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to inspect and control merchant behavior to ensure adherence to medieval market
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rules, even though Smith argues they undermine rather than support market integrity.
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classified_at: '2026-02-23T11:04:31.640772'
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---
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# Classification: Engrossers And Forestallers
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## Entity Type
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Institution
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## VSM System
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S3*
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## Type Rationale
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Engrossers and forestallers represent a formal regulatory system with specific rules prohibiting certain market behaviors, making them a socially constructed governance structure rather than mere principles or processes.
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## VSM Rationale
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These regulations function as audit and compliance mechanisms designed to inspect and control merchant behavior to ensure adherence to medieval market rules, even though Smith argues they undermine rather than support market integrity.
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