15 September 2026 · 7:02
The Preface: Two Problems in the Life of Public Capabilities
A reading of the preface to Institutional Capital Theory. Why public capabilities decay silently, why governments do not budget for it, and why the cost of capital decides whether institutional reform is feasible.
Read from the English edition of Institutional Capital Theory, published by Institutional Public Policy Press, New York. Sample chapters are available on the catalogue page.
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