Edward peter stringhams private governance creating order in economic and social life is wonderfully written and chock full of compelling case studies of precisely how individuals and communities achieve governance without turn ing to government stringham provides examples that cross time and cul. Private governance creating order in economic and social life by edward p stringham oxford oxford university press 2015 296 pp isbn 978 0199365166 volume 27 issue 4 sebastien mena. Private governance creating order in economic and social life edward peter stringham provides fascinating research about the process by which the most advanced markets in history developed under private rules and regulations disproves the widely held idea that government enforcement is necessary for the development of advanced markets. The term private governance describes the various forms of private enforcement self governance self regulation and informal mechanisms that private individuals companies and clubs as opposed to government use to create order facilitate exchange and protect property rights it works behind the scenes where few people notice it but private governance helps make the modern