Women in former Ottoman-ruled areas of Romania have more say in the the household than in former Hapsburg-controlled areas. Why? Ottoman courts were open to women’s property claims, while Habsburg law treated wives as dependents. millennium-economics.org/emp… @winir2013

Fresh Post! Money can't buy happiness, but can institutions? Hermann Ndoya and Melissa Atangana show political constraints only pay off where democracy is consolidated—in authoritarian and hybrid regimes, the same constraints make citizens less happy. millennium-economics.org/can…

The shortlist for the 2026 Elinor Ostrom Prize is out! Are you on it? The winning paper will be announced at WINIR in Rome! joie-blog.net/shortlist-for-… @winir2013 @DGindis @g_m_hodgson

Fresh Post! Guild, chartered company, shareholder firm: @ugopagano elegantly traces an inversion. Capitalism was built on pluralism and open knowledge. Intellectual monopoly capitalism is cannibalising the foundations that made it generative. joie-blog.net/the-corporatio… @winir2013

Fresh Post! Is the governance issue between individuals or between individuals and the firm? @ArminWSchulz offers three tests to tell the difference, and explains why getting this wrong means applying the wrong fix. joie-blog.net/institutional-… @winir2013 @DGindis @g_m_hodgson

Fresh Post! Not all sludge is bad sludge. That form you just rage-quit? Someone, somewhere, needs it. New blogpost by Daniil Frolov makes the case for systemic thinking before reducing sludge. joie-blog.net/sludge-transac… @winir2013 @g_m_hodgson @DGindis

Fresh Post! What makes Italian tomato supply chains work? Not just contracts or regulations—but the missing middle layer. Interbranch Organisatuions translate macro-rules into micro-contracts, reducing transaction costs. #mesoinstitutions, joie-blog.net/meso-instituti… @winir2013

Fresh Post! Why do Filipino farmers cooperate better on climate adaptation? It's not information—it's institutional design. Participatory meso-institutions beat state hierarchies for collective action joie-blog.net/deliberative-p… @winir2013 #mesoinstitutions

Fresh Post! Since 1979, the rial lost 3000x its value. Behind Iran's collapse: Shiite political capitalism and Anfal— Iran operates dual treasuries that turn every crisis into elite opportunity. joie-blog.net/recurrent-exch… @winir2013 @DGindis @g_m_hodgson

Fresh Post! Short-termism isn't human nature—it's institutionally enacted. Elections, stock markets, gig contracts: each creates a different temporal world. Blaž Remic's framework shows how institutions afford distinct ways of inhabiting the future. joie-blog.net/enacting-the-f…

AI's copyright crisis may require institutional redesign. Makridis & Ammons bring Elinor Ostrom's polycentric governance theory to AI training data—showing how multiple overlapping institutions could work better than centralized enforcement. joie-blog.net/reimagining-ip… @winir2013

How can we understand tech giants, institutional change, and global challenges through an institutional lens? Kazuhiro Taniguchi explores Masahiko Aoki's Comparative Institutional Analysis and its contemporary relevance. #Economics #Institutions cambridge.org/core/journals/… @winir2013

Fresh post! Part II of @g_m_hodgson 's treatise on transactions and legal institutionalism details how the notion of 'contracting costs' relating to the costs of forming a contract may supersede the vague and ambiguous nature of transaction costs. joie-blog.net/transactions-a…

Fresh post! @g_m_hodgson compares the #transactions of Allen, Barzel, Coase, Commons, North and Williamson, as well as their differing views on the the role of the law and the state as enforcer. This is the summary of Part I. Watch this space for Part II @winir2013