Elinor Ostrom had a profound impact on research about institutions. She got the Nobel Prize in Economics. This was for her work thinking about how social affairs could be governed: Governing The Commons. Common Pool Resoruces This goes much wider than corporate governance. It speaks to how communities deal with the control of their valuable…
Category: Punishment
What Is Antisocial Punishment?
Why do people punish others when it costs them to do so? This is one of the most important questions in social life. We tend to do the right thing when we are confident that we can’t cheat without being punished by bystanders. This helps hold society together. People who punish despite there being no…
