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The Elgar Companion to the Economics of Property Rights

Edited by Enrico Colombatto, Professor of Economics, School of Economics, University of Turin, Italy
Economics is a matter of choice and growth, of interaction and exchange among individuals. Because property rights define the rules of these interactions and the objects of exchange, it is vital to fully understand the institutions and implications of the various property-rights regimes. With over 20 original and specially commissioned chapters, this book takes the reader from the historical and moral foundations of the discipline to the frontiers of scholarly research in the field.
Extent: 576 pp
Hardback Price: $315.00 Web: $283.50
Publication Date: 2004
ISBN: 978 1 84064 994 9
Availability: In Stock
Paperback Price: $74.00 Web: $59.20
Publication Date: 2006
ISBN: 978 1 84720 041 9
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  • Economics and Finance
  • Public Choice Theory
  • Public Sector Economics
  • Politics and Public Policy
  • Public Choice
Economics is a matter of choice and growth, of interaction and exchange among individuals. Because property rights define the rules of these interactions and the objects of exchange, it is vital to fully understand the institutions and implications of the various property-rights regimes. With over 20 original and specially commissioned chapters, this book takes the reader from the historical and moral foundations of the discipline to the frontiers of scholarly research in the field.

This Companion is both an introduction to the economics of property rights and a guide to help understand and analyse policy issues by making use of the powerful conceptual tools offered by this increasingly popular branch of economics. Following a comprehensive introduction by the editor, the book is divided in to three broad sections which examine the birth and evolution of property rights, investigate the relationship between property rights and the law, and explore contemporary economic issues from a property rights perspective. Together, the chapters in the book do not claim to offer a standard solution to the institutional questions raised by the property-rights issue. Instead, they present the theoretical tools and real-world examples needed to allow the reader to develop new ideas and evaluate existing problems.

Non-technical in nature and including a distinguished list of authors from across the spectrum of economic thinking, The Elgar Companion to the Economics of Property Rights makes an invaluable contribution to the literature on economics, law, political science and public choice. For any serious scholar or student of these disciplines, this book will prove to be the ultimate reference companion.
‘The present collection of papers in Elgar’s Companion series provides a very useful overview of research on the functions and implications of property rights.’
– Wolfgang Grassl, Journal of Markets and Morality

‘In 22 well-written chapters, this volume illuminates the major accomplishments of the economics of property rights. While they differ in the scope and extent of their coverage, contributions to this book are focused, carefully researched, well argued, and quite readable. In my judgment, the book takes us to the frontier of the growing stock of knowledge on the origins and consequences of alternative property rights.’
– From the foreword by Steve Pejovich
Contributors: R.C. Amacher, T.L. Anderson, C. Antonelli, C. Barrère, N. Barry, B.L. Benson, E. Brousseau, R.A. Cass, A.A. Chafuen, L. Cohen, E. Colombatto, T. Cuccia, P. Garello, P. Garrouste, H.-H. Hoppe, A.G. Isaac, D.R. Lee, G.D. Libecap, L.P. Liggio, F.S. McChesney, B. McCormick, R.E. Meiners, S.W. Norton, F. Parisi, W.G. Park, S. Pejovich, A. Rapaczynski, W. Santagata, S. Voigt
Contents:

Foreword
Steve Pejovich

Introduction
Enrico Colombatto

PART I: THE BIRTH AND EVOLUTION OF PROPERTY RIGHTS
1. Cultural and Religious Foundations of Private Property
Leonard P. Liggio and Alejandro A. Chafuen

2. The Ethics and Economics of Private Property
Hans Hermann Hoppe

3. The Origins and Evolution of Property Right Systems
Francesco Parisi

4. Empirical Issues in Culture and Property Rights
Seth W. Norton

5. The Effect of Transaction Costs in the Definition and Exchange of Property Rights: Two Cases from the American Experience
Gary Libecap

PART II: PROPERTY RIGHTS AND THE LAW
6. Judicial System and Property Rights
Christian Barrère

7. On the Coexistence of Different Property-Right Systems – and its Consequences for Economic Growth and Development
Stefan Voigt

8. Property Rights in Common and Civil Law
Norman Barry

9. Can Constitutions Protect Private Property Against Governmental Predation?
Andrzej Rapaczynski

10. Property Rights Systems and the Rule of Law
Ronald A. Cass

PART III: CURRENT ISSUES FROM A PROPERTY RIGHTS PERSPECTIVE
11. Are Property Rights Relevant for Development Economics? On the Dangers of Western Constructivism
Enrico Colombatto

12. Germline Engineering: Whose Right?
Lloyd Cohen

13. The Contractual Nature of the Environment
Terry L. Anderson and Bobby McCormick

14. Government Regulation and Property Rights
Dwight R. Lee

15. Corruption
Bruce L. Benson and Fred S. McChesney

16. Insider Trading, Takeovers and Property Rights
Pierre Garello

17. The New Property Rights Theory of the Firm
Pierre Garrouste

18. On Intellectual Property Rights: Patents versus Free and Open Development
Alan G. Isaac and Walter G. Park

19. The Governance of Localized Technological Knowledge and the Evolution of Intellectual Property Rights
Cristiano Antonelli

20. Property Rights in the Digital Space
Eric Brousseau

21. Collective Property Rights for Economic Development: The Case of the Ceramics Cultural District in Caltagirone, Sicily
Tiziana Cuccia and Walter Santagata

22. Property Rights in Higher Education
Ryan C. Amacher and Roger E. Meiners

Index