The Virtue of Stability

 

The basic idea of the virtue of stabilty is that for individuals and groups of people, stability should be the default, and change should be cost justified. This is different from the prevailing view that change should be the default, and stability needs to be cost justified.

There are 3 primary principles:

  1. Maintain stability, unless a change has clear benefits that outweigh costs.
  2. The bigger the change, the bigger the net benefits should be.
  3. Change should be done gradually, if possible.

There are 3 secondary principles:

  1. Stability usually leads to more stability.
  2. Instability usually leads to more instability.
  3. The tolerance for instability is finite.