Knowledge Atlas · Reference
Glossary & ontology
Terms are defined once and translated with care — terminology must survive translation intact.
S
- Schelling point
- A focal point: the option people tend to choose when they must coordinate without communicating, because it seems natural or salient to everyone.
- Separation of powers
- The division of government into legislative, executive and judicial branches that check one another, so that liberty is not endangered by the concentration of power.
- Smart contract
- A program on a blockchain that automatically executes agreed rules, such as releasing funds when conditions are met.
- Social choice
- The study of how individual preferences, judgements or votes can be combined into a collective decision, using formal conditions to compare voting rules and welfare criteria.
- Social contract
- A method of justifying political authority or principles by appeal to an agreement, real or hypothetical, among free and equal persons.
- Sortition
- Selecting office-holders or decision bodies by lot, usually from a stratified random sample.
- Sovereign wealth fund
- A state-owned investment fund, often built from resource revenues, that invests for the long term on behalf of the public.
- Sovereignty
- Supreme authority within a territory or over a membership, including the final say over law and its enforcement.
- Special economic zone
- A defined area where business, trade or tax rules differ from those in the rest of the country.
- Spontaneous order
- A pattern of social coordination that emerges from the actions of many individuals none of whom intends or designs the overall result, as with language, markets or common law.
- State of nature
- A hypothetical condition without government, used in social-contract theory as a baseline against which to judge political authority.
- Subsidiarity
- The principle that decisions should be taken at the lowest level able to handle them effectively.
- Supermajority
- A threshold above a simple majority, such as two-thirds or three-fifths, required to adopt certain decisions.
- Sybil attack
- Creating many fake identities to gain disproportionate influence in a system that counts participants.
- Syndicalism
- A labour-movement doctrine holding that revolutionary trade unions, using direct action and ultimately the general strike, should take over and run production.