All Posts Tagged With: "communal property"
Economics and Property Rights
Economic theory does not operate in a vacuum. Institutions, such as the property-rights structure, do not change economic theory but influence how the theory manifests itself. Similarly, the law of gravity is not repealed when a parachutist floats gently down to earth. The parachute simply determines how the law of gravity manifests itself. Failure to [...]
1Jan2008 | Walter E. Williams | 0 comments | ContinuedEurope Meets America: Property Rights in the New World
When Europeans arrived in the Americas and began to claim the rich lands they encountered, they brought with them an equally rich European tradition of property law and justifications for establishing property rights. Today these are often mistakenly lumped together into the law of conquest, sometimes in an attempt to cast modern titles into doubt [...]
1Jan2007 | Andrew P. Morriss | 2 comments | Continued-
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