Polycentric Self-Governance and Indigenous Knowledge
Journal of Behavioural Economics and Social Systems, volume 5, issue 1, 2023 [10.54337/ojs.bess.v5i1.8138]
22 Pages Posted: 27 Aug 2024
Date Written: October 31, 2023
Abstract
This article's main aim is to discuss research exploring how the self-governing practices found in Indigenous societies, biota and modern organizations can be embedded into the constitutions of legal entities to protect and share the wellbeing of humanity, biota and the planet. In this paper, we explore how Australian Indigenous knowledge and practices can be embedded into organizational entities and discuss how this can be achieved by reformatting Ostrom's design principles to be incorporated into corporate constitutions following an ecological form of governance practised by Indigenous Australians. This form of polycentric self-governance can aggregate the voices of minorities representing local environments up to a global level. We use case studies, system science and biomimicry to explore polycentric self-governance and how organizations can adopt it to focus on the wellbeing of all stakeholders. In particular, the paper highlights how Indigenous knowledge can contribute globally to achieving societal sustainability. https://doi.org/10.54337/ojs.bess.v5i1.8138
Keywords: polycentricity, governance, First Nations, Common Pool Resource, Polycentric Governance, Indigenous Knowledges, Self-governance, decision-making, corporate constitutions, Indigenous societies, system science, biomimicry, polycentric self-governance
JEL Classification: K22, K32, K38, M14, Q57, O32, O35, L22
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