Category Archives: Market

Tribes, Institutions, Markets, Networks – A framework about Societal Evolution

What forms account for the organization of societies?  How have people organized their societies across the ages?  The answer may be reduced to four basic forms of organization: the kinship-based tribe, as denoted by the structure of extended families, clans, … Continue reading

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Networks, Crowds, and Markets: Reasoning About a Highly Connected World

Read Over the past decade there has been a growing public fascination with the complex connectedness of modern society. This connectedness is found in many incarnations: in the rapid growth of the Internet, in the ease with which global communication … Continue reading

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Neither market nor hierarchy nor network – The emergence of bazaar governance

Read A growing body of literature describes the open source phenomenon in the software industry.  Drawing on transaction cost economics, we propose that open source projects illustrate a new generic governance structure — which we label bazaar governance — based … Continue reading

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