The transplantation of public policies is a powerful tool in the hands of economic development. Powerful as it may be, transplantation verbatim et litteratim is not inevitably successful, thus not always desirable. There are good economic reasons to consider the practice of grafting in public...

Metaphors are part of our daily lives as they help us understand the world. Economics, as with other areas of knowledge, cannot go without metaphors. Transaction Cost Economics (TCE)—a prominent theoretical framework on economic organisation—is no different: it has been built on a set of...