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Our motivation for the idea of smart institutions expressed in this paper was a desire to construct a forward-looking methodology for institutional analysis that enables the consideration of institutions as social constructs transcending any of the social sciences in isolation, and yet can be understood using formal and tractable constructs.
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Banks have to classify their loans not just according to a borrower's past behaviour but also with an eye on its future prospects, and must set aside reserves to cover loans that are not yet in default-a forward-looking methodology that is familiar in America but rare in Europe, where loans are graded by past performance only.
Methodology: Overall approach: The evaluation is considered a forward-looking formative exercise, with a summative component.
SCIENCE is a forward-looking subject.
It was a backward-looking performance in a forward-looking environment, and everyone enjoyed it.
Not much support for a forward-looking Republican agenda there.
A forward-looking energy plan would address this eventuality.
Ultimately, conservation biology is a forward-looking practice.
Neither seems a forward-looking option.
Besides, Huntsville is a forward-looking place.
We're a forward-looking city.
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