Beyond Markets and States: Polycentric Governance of Complex Economic Systems

  title={Beyond Markets and States: Polycentric Governance of Complex Economic Systems},
  author={E. Ostrom},
  journal={Transnational Corporations Review},
  pages={1 - 12}
  • E. Ostrom
  • Published 1 January 2010
  • Economics
  • Transnational Corporations Review
Abstract This excerpt describes the intellectual journey that I have taken the last half-century from when I began graduate studies in the late 1950s. The early efforts to understand the polycentric water industry in California were formative for me. In addition to working with Vincent Ostrom and Charles Tiebout as they formulated the concept of polycentric systems for governing metropolitan areas, I studied the efforts of a large group of private and public water producers facing the problem… 

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