In a hotel that only has dialup, that’s where! Last week I was honored and delighted to be on the faculty of the Ronald Coase Institute’s Workshop on Institutional Analysis. The workshop gathers together 25-30 economists from developing countries, either graduate students or young Ph.D.s, who are doing research on formal and/or informal economic institutions in their countries. The idea is to incorporate their local knowledge with good economic analysis and an understanding of the importance of institutions, contractual forms, the transaction costs that can impede certain transactions or contractual forms, and so on. I had a great time, and learned a lot.