The idea here is that universities and other public institutions should see themselves as more than just another private player in a marketplace. "The argument is that having more democratic intervention within the organization of the local economy is valuable not just in itself but also because it allows collective agency and decision-making that would not be available if you are just relying on the market to do things." The challenge lies in getting institutions to see it that way. "These ideas clearly seem to work in practice, and there was an interesting question about whether they could be made to work in theory as well."
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