ABSTRACT
The institutional analysis of economic markets differentiates the rules from the players and focuses on organizations that have developed as a consequence of rule-structure (North 1990: 4). Following this approach, I suggest that entrepreneurs can also be differentiated into those actively concerned with rule-structure and conventional players affected by that rule-structure. This article examines how entrepreneurs concerned with rule-structure emerge and evolve. The research focuses on former Soviet state security and enforcement employees who have over a very short period of time created a new business sector that deals in rule enforcement and property protection, that is, in particular institutional services.
