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Author: Joseph Sima Publisher: Austrian Economics ISBN: 9781788210430 Category : Business & Economics Languages : en Pages : 224
Book Description
Property rights, once at the heart of classical economic orthodoxy, have been all but disregarded by today's economists. As property (respect for it and expressed consent) is widely considered a necessary condition for peace and prosperity, it deserves much more attention from our current profession. In Property, Social Action and the Legal-Economic Nexus, Josef Sima seeks to address this failing. Sima shows that although the concept of property has been a focal point of the discipline of law and economics--in the work of Coase, Posner, and Calabresi--the role it has played is fundamentally problematic, and that a more meaningful and relevant theory of property, one that both reinstates it as a condition of a flourishing life and one that strengthens the law and economics approach, can be found in the writings of Carl Menger. Indeed, Sima argues that Menger's work provided a vision of a unifying approach to law and economics--the "logic of social action"--that has been elaborated systematically by other scholars working in the Austrian tradition. The book adds a significant contribution to this scholarship on the nature and implications of private property and explains how the concept is linked to coordinating and order-producing qualities of societies. In particular, the book shows the importance of entrepreneurially-driven social order and challenges the mainstream view that monopolistic structures and legal centralism are necessary parts of a society's legal-economic nexus. It offers new ways of thinking about the concepts of scarcity, efficiency, choice, rights, and added value, and is an important corrective to the failure of much of economics to provide an economic analysis of property and to deal with real-life issues.
Author: Joseph Sima Publisher: Austrian Economics ISBN: 9781788210430 Category : Business & Economics Languages : en Pages : 224
Book Description
Property rights, once at the heart of classical economic orthodoxy, have been all but disregarded by today's economists. As property (respect for it and expressed consent) is widely considered a necessary condition for peace and prosperity, it deserves much more attention from our current profession. In Property, Social Action and the Legal-Economic Nexus, Josef Sima seeks to address this failing. Sima shows that although the concept of property has been a focal point of the discipline of law and economics--in the work of Coase, Posner, and Calabresi--the role it has played is fundamentally problematic, and that a more meaningful and relevant theory of property, one that both reinstates it as a condition of a flourishing life and one that strengthens the law and economics approach, can be found in the writings of Carl Menger. Indeed, Sima argues that Menger's work provided a vision of a unifying approach to law and economics--the "logic of social action"--that has been elaborated systematically by other scholars working in the Austrian tradition. The book adds a significant contribution to this scholarship on the nature and implications of private property and explains how the concept is linked to coordinating and order-producing qualities of societies. In particular, the book shows the importance of entrepreneurially-driven social order and challenges the mainstream view that monopolistic structures and legal centralism are necessary parts of a society's legal-economic nexus. It offers new ways of thinking about the concepts of scarcity, efficiency, choice, rights, and added value, and is an important corrective to the failure of much of economics to provide an economic analysis of property and to deal with real-life issues.
Author: Rosa Congost Publisher: Routledge ISBN: 1315439948 Category : Business & Economics Languages : en Pages : 247
Book Description
Property Rights in Land widens our understanding of property rights by looking through the lenses of social history and sociology, discussing mainstream theory of new institutional economics and the derived grand narrative of economic development. As neo-institutional development theory has become a narrative in global history and political economy, the problem of promoting global development has arisen from creating the conditions for ‘good’ institutions to take root in the global economy and in developing societies. Written by a collection of expert authors, the chapters delve into social processes through which property relations became institutionalized and were used in social action for the appropriation of resources and rent. This was in order to gain a better understanding of the social processes intervening between the institutionalized ‘rules of the game’ and their economic and social outcomes. This collection of essays is of great interest to those who study economic history, historical sociology and economic sociology, as well as Agrarian and rural history.
Author: Warren Samuels Publisher: Routledge ISBN: 1135982198 Category : Business & Economics Languages : en Pages : 510
Book Description
Providing another key contribution to the immensely popular field of law and economics, this book, written by the doyen of the history of economic thought in the US, explores the dynamic relationship between economics, law and polity. Combining a selection of old and new essays by Warren J. Samuels that chart a number of key themes, it provides an important commentary on the development of an academic field and demonstrates how policy is structured and manipulated by human social construction. The areas covered include: the role of manufactured belief power the nature and sources of rights the construction of markets by firms and governments and the problem of continuity and change in the form of the question of the selectively defined status quo and its status the absolutist character of government, rights, markets and legal principles and the accepted ideational structure of law. The Legal-Economic Nexus is an essential read both economists and legal professionals as well as those researching the history of economic thought and the social construction of law.
Author: Laura J. Hatcher Publisher: Routledge ISBN: 1317074629 Category : Law Languages : en Pages : 239
Book Description
Property rights and efforts to curb state appropriation of private properties for public purposes have always held high status on the political agenda of the US and many other nations that feature a corporate capitalist economic system. In addition to this, over the last several decades conservative libertarian and neo-liberal groups have put constitutional demands for greater property protection on the agendas of courts in several countries. Studying property rights mobilization in both domestic and comparative contexts, the contributors to this volume bring a range of social science perspectives to address three primary issues: the contours and characteristics of property rights mobilizations; the degree to which property rights movements have influenced development of law in demonstrable ways; and the broader cultural, social and economic implications of modern-era property rights litigation and legal mobilizations. This will be a key text for anyone working within or interested in property rights.
Author: Nicholas Mercuro Publisher: Routledge ISBN: 1135697213 Category : Business & Economics Languages : en Pages : 546
Book Description
This collection of 22 commissioned essays from scholars across numerous fields responded to the question: What are the most fundamental things you can say concerning the interrelations between the institutions of government and property?
Author: Fouad Sabry Publisher: One Billion Knowledgeable ISBN: Category : Business & Economics Languages : en Pages : 209
Book Description
What is Law and Economics Law and economics, often known as economic analysis of law, is the process of applying microeconomic theory to the study of law rather than the other way around. A number of economists from the Chicago school of economics, including Aaron Director, George Stigler, and Ronald Coase, were principally responsible for the pioneering work that led to the development of this subject in the United States during the early 1960s. For the purpose of explaining the impacts of laws, determining which legal rules are economically effective, and predicting which legal rules will be adopted, this field makes use of concepts from economics. There are two major branches of law and economics: the first is based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law, and the second is centered on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes, and overlapping with analyses of the institutions of politics and governance. Both of these branches are considered to be important in the field of law and economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Law and economics Chapter 2: Ronald Coase Chapter 3: Free-rider problem Chapter 4: James M. Buchanan Chapter 5: Coase theorem Chapter 6: Chicago school of economics Chapter 7: New institutionalism Chapter 8: Guido Calabresi Chapter 9: Armen Alchian Chapter 10: Aaron Director Chapter 11: Regulatory economics Chapter 12: New institutional economics Chapter 13: Harold Demsetz Chapter 14: Virginia school of political economy Chapter 15: Economic justice Chapter 16: Property rights (economics) Chapter 17: The Use of Knowledge in Society Chapter 18: The Problem of Social Cost Chapter 19: Arnold Plant Chapter 20: Constitutional economics Chapter 21: Francesco Parisi (economist) (II) Answering the public top questions about law and economics. (III) Real world examples for the usage of law and economics in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of law and economics. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of law and economics.
Author: Annette Godart-van der Kroon Publisher: Springer Nature ISBN: 3031085027 Category : Business & Economics Languages : en Pages : 341
Book Description
This book provides an overview of the evolution and theories of the Austrian School of Economics and develops answers to current economic questions and the pressing problems of the 21st century from the Austrian perspective. Readers will learn about the fundamental ideas of the Austrian School, the current state of Austrian economics, and the intellectual figures and institutions that sustain it as a vibrant intellectual movement. International experts on Austrian economics cover topics such as the economic impact of pandemics, trade blocs, federalism and European integration, and the economic development of China. The book also discusses the influence of the Austrian School on modern economic thought and mainstream economics, as well as on policymakers. It will appeal to students and scholars of economics and to anyone interested in social and economic liberalism.
Author: Joseph Sima
Author: Joseph Sima
Author: Rosa Congost
Author: Warren Samuels
Author: Alfred Allan Schmid
Author: Laura J. Hatcher
Author: Nicholas Mercuro
Author: Fouad Sabry
Author: Josef Šíma
Author: Annette Godart-van der Kroon
Author: Svetozar Pejovich