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OTNS: Maximum Freedom in Complex Social Organizations

The Blockchain Socialist

CHAPTER

The Differences Between Formal and Informal Institutions

I want to sort of as well ground this conversation in sort of defining maybe a couple of different terms that I think will be helpful for people who are listening since it's like pretty fundamental to your research. So under my definition formal institutions are the rules articulated by organizations with the capacity and intent to enforce those institutions. If an organization is saying these are our rules and we have no power to enforce them and therefore never can credibly do so, those are not operating like actual institutions. But again formal institutions are very observable relative to the other class of rules that create governance outcomes in complex human social orders.

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