The original Internet design combined technical, organizational, and cultural characteristics that decentralized power along diverse dimensions. Decentralized institutional, technical, and market power maximized freedom to operate and innovate at the expense of control. Market developments and the politics of security have…
“Thin political markets” are the processes through which some of the most complex and critical institutions of our capitalist system are determined—e.g., our accounting-standards infrastructure; rules for bank-capital adequacy; actuarial standards; and auditing practice. In thin political markets, corporate special interests…
LAPA's seminar format asks attendees to familiarize themselves with the paper in advance. The commentator opens the session by summarizing the main themes in the paper and presenting some topics for discussion.Free and open to the public.http://lapa.princeton.edu/content/daniel-r-ernst-lapa-fellow-georgetown-university-law…
