Polycentricity, Markets & Firms
WINIR WORKSHOP ON POLYCENTRICITY, MARKETS & FIRMS (ONLINE, DECEMBER 2021) — Markets have been associated with polycentricity since Michael Polanyi formulated the concept, and this connection was at the heart of the Bloomington School’s analysis of competition in public service industries. Despite this long history, markets have received surprisingly limited attention by scholars of polycentricity during its renaissance over the past 20 years. And in the course of this renaissance, very little attention has focused on firms and other kinds of corporate entities.