Institutions are how we scale up cooperation among millions
Julien Lie-Panis writes: Every human society, from the smallest village to the largest nation, faces the same fundamental challenge: how to get people to act in the interests of the collective rather than their own. Fishermen must limit their catch so fish stocks don’t collapse. People must respect others’ property and safety. Citizens must pay taxes to fund roads, schools and hospitals. Left to pure self-interest, no community could endure; the bonds of collective life would quickly unravel. The solutions…