Cooperation, Conflict and Law
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Property Rights by Terry L. Anderson
Book DescriptionThe 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.
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Book DetailsISBN: 9780691099989
(229mm x 152mm x 25mm)
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 18-Nov-2002
Country of Publication: United States
Books By Author Terry L. Anderson
Free Market Environmentalism for the Next Generation, Hardback (February 2015)
This book provides a vision for environmentalism's future, based on the success of environmental entrepreneurs around the world. The work provides the next generation of environmental market ideas and the chapters are co-authored with young scholars and policy analysts who represent the next generation of environmental leaders.
Environmental Markets, Paperback (May 2014)
Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation.
Not So Wild, Wild West, Hardback (May 2004)» View all books by Terry L. Anderson
Mention of the American West usually evokes images of cowboys, ranchers and outlaws. Here the authors argue that everyday people helped carve out legal institutions that tamed the West, applying the lessons learned to modern "frontiers" - the environment, developing countries and space exploration.
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Author Biography - Terry L. Anderson
Terry L. Anderson is Executive Director of the Political Economy Research Center (PERC), Senior Fellow at the Hoover Institution, and Professor Emeritus at Montana State University. He is the author, coauthor, or editor of twenty-five books including "Free Market Environmentalism, Revised Edition" and "Enviro-Capitalists". Fred S. McChesney teaches at Northwestern University, where he is Class of 1967/James B. Haddad Professor of Law and Professor in the Department of Management and Strategy in the Kellogg School of Management. He is the author of "Money for Nothing" and has written extensively on economics and law.
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