Friday, May 22, 2009



Reforming property rights

This column explores the security of property rights and the various channels through which they affect economic activity. It demonstrates a strong correlation between secure property rights and economic development and discusses the institutional challenges involved. Property rights reform is no panacea, and it faces difficult political economy hurdles in some countries. (...)

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Resilience, sustainability, and loosely-coupled systems

The NIST smart grid interoperability roadmap workshop I attended last week has gotten me thinking about the similarities between system architecture (as the computer systems folks call it) and institutional design (as we political economy social scientists call it). (...)

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Change is dead

What?!? I hear you say. Change is dead? But isn't everybody talking about the pace of change, change management, how to be more resilient in the face of change? And the Buddhists in the group are going, but, everything is change, change is all. Yep. And that's the point actually. (...)

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