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The Economic Foundations of Property Rights - Selected Readings (Hardcover)
Loot Price: R3,549
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The Economic Foundations of Property Rights - Selected Readings (Hardcover)
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Property rights formalize the relationship between individuals and
goods. They form the cornerstone of the pricing, supply and
efficient allocation of scarce resources between individuals.The
Economic Foundations of Property Rights is an outstanding
collection of some of the most important work from the founders of
the field, including James M. Buchanan, Douglass C. North, Richard
Posner, Armen Alchian, Lord Peter Bauer and Karl Brunner. It
addresses the development of property rights, the effects of
property rights on the allocation of resources and the link between
alternative property rights and the production of wealth.
Specifically, the authors consider the issues of democracy, law,
transaction costs, the economics of exchange and the valuation of
assets. The discussion considers property rights in the context of
developing countries and transition economies as well as developed
market systems. This comprehensive new source book will be welcomed
by economists, particularly those interested in law and economics,
as well as political scientists and those interested in public
choice theory.
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