The takeaway: what we do is often a function of how we do it. That’s what institutional economics is really about. It’s awesomely fitting that a Nobel for studying it went to someone who did it: someone who challenged not just the “what” but also the “how.” It’s often easy to challenge the what. Yet, challenging the how is where deep change begins.
Umair Haque, Elinor Ostrom and the Future of Economics
