Interview with the Ostroms from 2003
http://www.mercatus.org/uploadedFiles/Mercatus/Publications/Rethinking%20Institutional%20Analysis%20-%20Interviews%20with%20Vincent%20and%20Elinor%20Ostrom.pdf
I especially liked this part in explaining how "capitalist" systems easily turn into "socialist" ones:
"
Individuals who pay attention only to market prices in determining their choices may soon become vulnerable to political arguments such as that "workers and peasants" could achieve greater advantage by expropriating private property and instituting a socialist society. The naive maximizer might select the option offered by those who make the biggest promises."
I especially liked this part in explaining how "capitalist" systems easily turn into "socialist" ones:
"
Individuals who pay attention only to market prices in determining their choices may soon become vulnerable to political arguments such as that "workers and peasants" could achieve greater advantage by expropriating private property and instituting a socialist society. The naive maximizer might select the option offered by those who make the biggest promises."
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