"What is missing from the policy analyst's tool kit - and from the set of accepted, well-developed theories of human organization - is an adequately specified theory of collective action whereby a group of principals can organize themselves voluntarily to retain the residuals of their own efforts."
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Original Language: English
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Elinor Ostrom (1996) Governing the Commons: The Evolution of Institutions for Collective Action p. 25-26
https://en.wikiquote.org/wiki/New_institutional_economics
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New institutional economics
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