Organization as a Nexus of Rules: Emergence in the Evolution of Systems of Exchange

  title={Organization as a Nexus of Rules: Emergence in the Evolution of Systems of Exchange},
  author={Max Boisot and Ron Sanchez},
  journal={management revue. Socio-economic Studies},
This paper seeks to explain the evolution of human systems of exchange through the emergence of both fundamental forms of organization (such as firms and markets) and specific instances of organization (such as individual firms and other economic or social entities) for engaging in exchange. We develop a combined systems, evolutionary, cognitive, and game-theoretic perspective on organizing that broadly represents organizations as systems of exchange founded on rules and routines for ordering… 

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