This book discusses a development in institutional economics and management science which
provides engineering methods for institution design. Based on the Sun Diagram created by the
author it uses graphics and calculations to explain that there are only five fundamental
management institution structures each of which has a particular management effect. It also
demonstrates that production activities should be managed with different institutions according
to the differences in externalities. This significant book suggests ways of using institution
design to tackle the key challenges faced by societies today such as environmental pollution
over-consumption of natural resources carbon emissions world peace issues and stagnating
productivity levels.
