The present moment of deep transition, as well as being a time of danger, presents an opportunity for positive renewal. This paper develops a model of deep institutional innovation at times of historic change such as the present and outlines a research agenda aimed at initiating a holistic assessment of the main foundational institutions in society and re-imagining them in ways that will allow them to fulfill their basic ethical and effectiveness functions. Such a fundamental critique and re-imaging, the paper argues, is essential if global challenges are to be mitigated and resolved.
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