The notion that state capitalism (an economic system “in which the state functions as the leading economic actor and uses markets primarily for political gain”) is a new form of capitalism emerging in the global arena has been recently advanced by several authors. This paper explores the...

Despite its importance and its widespread employment in policymaking practice, the theoretical and epistemic foundations of institutional mapping have not been elaborated and its legitimacy is yet to be fully granted by the academic community. This paper is a contribution to this overdue effort....

The article overviews and elaborates the concept of polycentricity, defined as a structural feature of social systems of many decision centers having limited and autonomous prerogatives and operating under an overarching set of rules. The article starts by introducing the concept as it was...

The conventional approach to overfishing is for government to impose a top-down management system on the industry. This may involve a state agency setting overall catch quotas and then allocating shares to fishing enterprises, or creating some form of market framework that allows catch shares to...

This paper explores the interface between institutional theory and Austrian theory. We examine mainstream institutionalism as exemplified by D. C. North in his work with Wallis and Weingast on the elite compact theory of social order and of transitions to impersonal rights, and propose instead...

The Ostroms' research program has a dimension that goes beyond the strict boundaries of political science and economics, crossing into the domain of political philosophy. Bloomington scholars created a framework for analyzing how institutions work and develop that helped them specify and examine...

The article takes as a starting point the notion that there are two ways of approaching the issue of ideas and institutional design from an Ostromian perspective. The first is straightforward: simply follow the explicit arguments developed by them and synthesize the main points made over time...

Simple observation presents two stylized facts that call for integration into a single explanatory framework. One fact is that societies reflect generally though certainly not perfectly coordinated patterns of activity. The other fact is that only a subset of those activities is coordinated with...