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So they competed by making institutions better.
The results are used to compile university league tables, which is a way of making institutions more accountable.
Citigroup has agreed to pay seven billion dollars to settle charges related to marketing bad mortgages, but Surowiecki argues that making institutions pay isn't enough.
But if 80 percent is about making institutions more accountable and improving rule of law, he's probably not the best choice".
Given the continuing questions about its capital base, the case for a break-up looks stronger than it did although size has its own benefits, not least making institutions too big to fail.
The focus on individuals, however vile they may be, signifies a shift away from the more difficult, long-term work of making institutions such as the Crown Prosecution Service and other governmental departments accountable.
Similar(41)
"The E.C.B. is the only policy making institution with any room to maneuver.
Entrepreneurship has increasingly attracted the governments' and policy making institution's attention in recent years.
By pushing for institutional changes, the European Commission expects to make institutions in Europe more attractive to researchers.
Direct democracy may be understood as a full-scale system of political institutions, but in modern times, it means most often specific decision-making institutions in the broader system environment of representative democracy.
In effect, we've made institutions that were already too big to fail even bigger.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com