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The efficacy of alternative institutional arrangements depends upon the information costs that obtain under each. The information revolution has dramatically transformed information costs and, therefore, the optimal placement of the boundary between government, non-governmental organizations,...
Persistent link: https://www.econbiz.de/10014047586
An age-old issue is how inquiry and action can reciprocally contribute to transforming existing into preferred conditions. Leading scholars of a recent generation repeatedly addressed this general issue in human affairs. Herbert Simon's major proposal was to develop design-oriented sciences or,...
Persistent link: https://www.econbiz.de/10012726577