Download or read book Property Rights and Economic Behavior written by Armen Albert Alchian and published by . This book was released on 2006 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberty Fund is proud to present, in two volumes, 'The Collected Works of Armen A Alchian', bringing together Alchian's most influential essays, articles, editorials, and lectures to provide a comprehensive record of his thinking on a broad range of topics in economics. As various and as specific as some of this collection's topics are, they are unified, as editor Daniel K Benjamin writes, by "both a coherent methodology for doing economics, and a view of the world that celebrates the importance of individual liberty." Benjamin goes on to state that, in Alchian's view, "the purpose of theory is never theory in and of itself; it is instead to help individuals understand the world around them."
Download or read book A Study of Property Rights and Economic Behavior written by Gregory Converse and published by . This book was released on 1970 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Property Rights Property rights and economic performance written by Svetozar Pejovich and published by . This book was released on 2001 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Behavior and Institutions written by Þráinn Eggertsson and published by Cambridge University Press. This book was released on 1990-06-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive survey of 'neoinstitutional economics', which integrates different economic theories.
Download or read book Economic Behavior and Legal Institutions written by Lars Werin and published by World Scientific. This book was released on 2003 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a unified picture of the full economic-legal system, based on results within the novel fields of "new institutional economics" and "law and economics".
Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 2023-08-31 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist. Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources. It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores. It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs. This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.
Download or read book The Economics of Property Rights written by S. Pejovich and published by Springer Science & Business Media. This book was released on 2007-08-20 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: To understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits.
Download or read book Fundamentals of Economics written by Svetozar Pejovich and published by . This book was released on 1979 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Property Rights written by Eirik Grundtvig Furubotn and published by Cambridge, Mass. : Ballinger Publishing Company. This book was released on 1974 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 1997-04-13 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources. Property rights and all forms of organisation result from people's deliberate actions. In the tradition of Coase, this study offers a unified theoretical structure to deal with exchange, rights formation and organisation which traditional economic theory assumes away. A person's economic property rights over an asset are defined here as the person's ability to gain from the asset by direct consumption or by exchange. It is prohibitively costly to measure accurately all assets' attributes; therefore, rights to them are never fully delineated. Property is consequently in danger of appropriation by others. Individuals enhance their rights by such actions as the protection and better delineation of their assets. In this new edition, Professor Barzel introduces the central role of equity capital as a guarantor of the activities of the firm and elaborates on the distinction between economic rights and legal rights.
Download or read book The Moral Foundation of Economic Behavior written by David C. Rose and published by OUP USA. This book was released on 2011-11-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: It then identifies specific characteristics that moral beliefs must have for the people who possess them to be regarded as trustworthy.
Download or read book Economic Liberties and the Constitution written by Bernard H. Siegan and published by Transaction Publishers. This book was released on 2011-12-31 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this seminal work, Bernard Siegan traces the history of onstitutional protection for economic liberties in the United States. He argues that the law began to change with respect to economic liberties in the late 1930s. At that time, the Supreme Court abdicated much of its authority to protect property rights, and instead condoned the expansion of state power over private property. Siegan brings the argument originally advanced in the .first edition completely up to date. He explores the moral position behind capitalism and discusses why former communist countries flirting with decentralization and a free market (for instance, China, Cambodia, Vietnam, and Laos) have become more progressive and prosperous as a result. He contrasts the benefits of a free, deregulated economy with the dangers of over-regulation and moves towards socialized welfare—most specifically as happened during Franklin Roosevelt's presidency. Supporting his thesis with historical court cases, Siegan discusses the past and present status of economic liberties under the Constitution, clarifies constitutional interpretation and due process, and suggests ways of safeguarding economic liberties. About the original edition, Doug Bandow of Reason noted, "Siegan has written a vitally important book that is sure to ignite an impassioned legal and philosophical debate. The reason—the necessity—for protecting economic liberty is no less than that guaranteeing political and civil liberty." Joseph Sobran of the National Review wrote, "Siegan...makes a powerful general case for economic liberty, on both historical and more strictly empirical grounds.... Siegan has done a brilliant piece of work, not only where it was badly needed, but where the need had hardly been recognized until he addressed it." And Edwin Meese remarked that, "This timely and important book shows how far we have drifted from protecting basic liberties that the Framers of the Constitution sought to secure. I recommend it highly." This new, completely revised edition of Economic Liberties and the Constitution will be essential reading for students of economics, history, public policy, law, and political science.
Download or read book The Concise Encyclopedia of Economics written by David R. Henderson and published by . This book was released on 2008 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains 168 alphabetically arranged essays that provide information about topics related to economics, and includes biographical profiles of nearly one hundred noted economists.
Download or read book Encyclopedia of Law and Economics written by Jürgen Georg Backhaus and published by Springer. This book was released on 2018-02-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Economics deals with the economic analysis of legal relations, legal provisions, laws and regulations and is a research field which has a long tradition in economics. It was lost after the expulsion of some of the leading economists from Germany during 1933 to 1938, but then revived in Chicago. Both the subject of Law of Economics and the need for a concise Encyclopedia is particularly relevant in Europe today. Currently in the European Union there are several different legal cultures: the Anglo-Saxon legal framework, the German legal framework, which for example also includes Greece, and the Roman legal family—three jurisdictions which have to be covered with one and the same theory. In the EU, the task of the European Commission to interact with the various European jurisdictions means different legal cultures collaborating and some degree of harmonization is necessary. The result is an immediate need, if only for the science, to show how a given problem is solved in each legal tradition and jurisdiction. This Encyclopedia provides both a common language and precise definitions in the field, which will be useful in the future to avoid misunderstandings during harmonization of EU Law
Download or read book Behavioral Law and Economics written by Eyal Zamir and published by Oxford University Press. This book was released on 2018 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic analysis of law: an overview -- Behavioral studies -- An overview of behavioral law and economics -- Normative implications -- Behavioral insights and basic features of the law -- Property law -- Contract law -- Consumer contracts -- Tort law -- Commercial law -- Administrative, constitutional, and international law -- Criminal law and enforcement -- Tax law and redistribution -- Litigants' behavior -- Judicial decision-making -- Evidence law
Download or read book Development and Property Rights written by Peter J. Boettke and published by . This book was released on 2018 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter argues that economic development originates not from the gains from trade and specialization under a division of labor, but fundamentally from an institutional framework of property rights which permits the gains from trade and innovation emerge on a societal wide scale. It is this framework that enables the transition from small scale trading and capital accumulation to medium scale trading and capital accumulation and finally to large scale trading and capital accumulation. All of humanity was once poor; those societies that have been able to escape from poverty are those that were able to get on this development path by adopting the institutional framework of property, contract, and consent. We argue that well-defined and exchangeable private property rights yield economic growth by operating as a filter on economic behavior - the establishment of property rights embedded in the rule of law weeds out unproductive entrepreneurship and the corresponding politicized redistribution of property rights with rent-seeking and predation as its consequence, and engenders instead productive entrepreneurship, and a more efficient allocation of property rights, and with that a realization of the gains from trade and the gains from innovation. The fundamental cause of economic development, we argue, is the institution of private property, as it is this institutional framework that results in productive specialization and peaceful cooperation among diverse and disparate individuals.
Download or read book Understanding the Process of Economic Change written by Douglass C. North and published by Princeton University Press. This book was released on 2010-05-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
