In this book, Itai Sened examines the political institution of
property and other individual rights. His argument is that the
foundation of such rights is to be found in the political and
economic institutions which grant and enforce them and not in any
set of moral principles or 'nature'. The book further argues that
individual rights are instituted through a political process, and
not by any hidden market forces. The origin of rights is placed in
a social contract that evolves as a political process in which
governments grant and protect property and other individual rights
to constituents, in return for economic and political support.
Extending neo-institutional theory to the subject, and using a
positive game theoretic approach in its analysis, this book is an
original contribution to scholarship on the evolution of rights.
General
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