Difficult Thinking About Institutional Change Iii: Ostrom’s Design Principles

Lynne Kiesling In my previous “thinking out loud” post on institutional change, I ended with this question: Institutional change is in many ways itself a constructivist exercise. Is there a way to make the process of institutional change more organic, and thus more likely to lead to “valuable, meaningful, forward-looking, robust, evolutionarily adaptive institutional change”? … More Difficult Thinking About Institutional Change Iii: Ostrom’s Design PrinciplesMore Difficult Thinking About Institutional Change Iii: Ostrom’s Design Principles

The Two Faces Of Enron

Michael Giberson Enron was an unusual place, a source of many innovative business practices, not all of which turned out to be fraudulent. A pair of economists have found evidence that the creation of the EnronOnline trading platform contributed to market efficiency. According to a study by Donald Murry and Zhen Zhu, the two year … More The Two Faces Of EnronMore The Two Faces Of Enron