A Corporate Form to Reduce Information Costs and Maintain Supportive Resources
Krueger asserts that absolute scarcity poses a fundamental challenge to humankind. He agrees that Voice and Reflexivity depend on communities and develops a framework for creating communities with the capacity to govern in accordance with these normative principles. Specifically, he advocates a system of layered governance with local corporations that control essential resources occupying a role as intermediaries. These local corporations should retain some control over entry and exit; include multiple stakeholders that share collective responsibility for the entity; and employ governance regimes that promote good governance.
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