This paper compares and contrasts two schools of political economy: the Austrian School, prominent members of which include Friedrich Hayek and Ludwig von Mises; and the Bloomington School, which was founded by Elinor and Vincent Ostrom. It is argued that the two traditions share a good deal in...

Global fish catches in the seas and oceans have stagnated since the mid-1990s. Because there are generally no established property rights in wild fish, fisheries are vulnerable to the ‘tragedy of the commons’. Trawler owners race to catch as many fish as possible before they are caught by...

Elinor Ostrom (1933–2012) influenced fields ranging from institutional analysis to metropolitan service delivery, from federalism and theories of polycentric orders to common-pool resource management and sustainable development. Her seminal book, Governing the Commons: The Evolution of...

The article argues that Ostroms' institutionalism has a dimension that is complex and profound enough to deserve to be considered a “social theory” or a “social philosophy”. The paper pivots around the thesis that the “social philosophy” behind the Bloomington School's research...

The article explores the conceptual dynamics set into motion by the encounter between the policy prescriptions inspired by the mainstream economics and the very concrete reform experience after 1989. The raise of the new institutionalism is discussed as one of the most significant reactions and...

This article is a contribution to the development of the epistemological foundations of Futures Studies. The article starts by presenting the conventional “covering-law” model asserting the symmetry between prediction and explanation, a model that continues to undermine the authority of...

Applying a form of “indirect strategy,” Jullien has opened up an alternative to the attempts to reduce strategy to a quasiscience, with laws and regularities, a science ready to be packaged as a mass consumption intellectual good. The originality of Jullien's thought is thus paradoxical: to...

The article discusses Olaf Helmer's contribution to the development of futures studies by focusing on four basic theses defining his approach. (1) Quasi-laws in social sciences and futures studies can in fact be treated in the same way that the natural laws of the physical sciences. (2) In order...

Presents an overview and analysis of theconceptual basis and the main policy-design principles of the European Union(EU) approach to entrepreneurship policy, which includes small and medium-sizedenterprises (SMEs), innovation, and competitiveness.The first stages ofpolicydevelopment -...