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The Not So Wild, Wild West - Property Rights on the Frontier (Hardcover, Fifth and Seven)
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The Not So Wild, Wild West - Property Rights on the Frontier (Hardcover, Fifth and Seven)
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Mention of the American West usually evokes images of rough and
tumble cowboys, ranchers, and outlaws. In contrast, The Not So
Wild, Wild West casts America's frontier history in a new framework
that emphasizes the creation of institutions, both formal and
informal, that facilitated cooperation rather than conflict. Rather
than describing the frontier as a place where heroes met villains,
this book argues that everyday people helped carve out legal
institutions that tamed the West. The authors emphasize that
ownership of resources evolves as those resources become more
valuable or as establishing property rights becomes less costly.
Rules evolving at the local level will be more effective because
local people have a greater stake in the outcome. This theory is
brought to life in the colorful history of Indians, fur trappers,
buffalo hunters, cattle drovers, homesteaders, and miners. The book
concludes with a chapter that takes lessons from the American
frontier and applies them to our modern "frontiers"-the
environment, developing countries, and space exploration.
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