(l) firm level strategic planes of trust formation um derived from "cognitive map of contract" in The Economic institutions of Capitalism, Oliver Williams. Click to enlarge.
I've been waiting for Mr Rutherford's article. Since commentators ascribed to the Nobel committee the mysterious wisdom of GOD --contradiction of good-- to justify its peace prize selection, in particular, I've been wondering, Why Olstrom shares a prize with Williams? I tentatively concluded, the committee did so to dramatize complementary theories of political economy: on the one hand, a "natural" model of transaction (business) behaviors or what one wishes; on the other, an "artificial" model of transaction (business) behaviors or what one has. Neither theorist is a macroeconomic expert of the "neoclassic" school, typified by Wayne's World ideology of comparative advantage and deducted (and legal) applications of GAAP. Rather they are inductive reasoners. So by "artificial", I mean to modify purposefully transaction behaviors proscribed by laws --normalizing rules of conduct of members of a society, jurisdiction. Diversity is the key to economic and political evolution.
I certainly hope she's right and I'm wrong.
She conducted her field studies on the management of pasture by locals in Africa and irrigation systems management in villages of western Nepal. Elinor Ostrom - Wikipedia, the free encyclopedia
Elinor Ostrom - Wikipedia, the free encyclopedia
Definitely need to read up on this. The march of civilizations is a series of defenses that man has put up against the dread of pure existence.
Every time a voter selects a psychopath to govern, they reduce their chances of "winning." Diversity is the key to economic and political evolution.
I've been waiting for Mr Rutherford's article.
I was mostly just throwing some things together because the conversation I was having on such matters was so rudely cut off {another place}. And as such I knew the members here would help expand my understanding of the issues. I will definitely read through all the thread to digest some of the concepts I am not familiar with including "reciprocity".
Thanks. Ram Jaane, godknows and Ron Rutherford... Rutherfordian ------------------------------ RDRutherford
