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The institution of property is as old as mankind, and property rights are today deemed vital to a prosperous economic system. Much has been written in the last decade on the economics of the legal institutions protecting such rights. This unprecedented book provides a magnificent introduction to the subject. Terry Anderson and Fred McChesney have gathered twelve leading thinkers to explore how property rights arise, and how they bolster economic development. As the subtitle indicates, the book examines as well how controversies over valuable property rights are resolved: by agreement, by violence, or by law. The essays begin by surveying the approaches to property taken by early political economists and move to colorful applications of property rights theory concerning the Wild West, the Amazon, endangered species, and the broadcast spectrum. These examples illustrate the process of defining and defending property rights, and demonstrate what difference property rights make. The book then considers a number of topics raised by private property rights, analytically complex topics concerning pollution externalities, government taking of property, and land use management policies such as zoning. Overall, the book is intended as an introduction to the economics and law of property rights. It is divided into six parts, with each featuring an introduction by the editors that integrates prior chapters and material in coming chapters. In the end, the book provides a fresh, comprehensive overview of an intriguing subject, accessible to anyone with a minimal background in economics. With chapters written by noted experts on the subject, Property Rights offers the first primer on the subject ever produced. In addition to the editors, the contributors are Louise De Alessi, Yoram Barzel, Harold Demsetz, Thrainn Eggertsson, Richard A. Epstein, William A. Fischel, David D. Haddock, Peter J. Hill, Gary D. Libecap, Dean Lueck, Edwin G. West, and Bruce Yandle.

Focusing on the British Isles, the author explores a period of huge societal change - the Neolithic, or 'New Stone Age' - through the most iconic artifact of its time: the polished stone axe, using his own ancient stone axe-head, given to him by a local quarry worker, as a guide to the revolution that changed the world. These formidable creations were not only crucial tools that enabled the first farmers to clear the forests, but also objects of great symbolic importance, signifying status and power, wrapped up in expressions of religion and politics. Mixing anecdote, ethnography and archaeological analysis, the author vividly demonstrates how the archaeology on the ground reveals to us the evolving worldview of a species increasingly altering their own landscape; settling down together, investing in agricultural plots, and collectively erecting massive ceremonial monuments to cement new communal identities. As a direct result of the invention, and intensification, of agriculture, the planet entered the Anthropocene, or the current 'age of humanity': an era in which Property Rights : Cooperation, Conflict, and Law download PDF we are changing the world around us in significant, accelerating and often unpredictable ways.

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Author: Terry L. Anderson,Fred S. McChesney
Number of Pages: 408 pages
Published Date: 08 Dec 2002
Publisher: Princeton University Press
Publication Country: New Jersey, United States
Language: English
ISBN: 9780691099989
Download Link: Click Here
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