Paper Information

Journal:   PRIVATE LAW STUDIES   FALL 2010 , Volume 40 , Number 3; Page(s) 229 To 246.
 
Paper: 

PROPERTY RIGHTS IN ECONOMIC THOUGHTS WITH EMPHASIS ON INSTITUTIONAL SCHOOL

 
 
Author(s):  SAMADI ALI HUSSEIN*
 
* DEPARTMENT OF ECONOMICS, UNIVERSITY OF SHIRAZ
 
Abstract: 
In this paper, we analysis the concept and importance of property rights in classical and Institutional economic thought schools. In doing so, we analysis the thoughts of Luck, Adam Smith, Say, Ricardo, Malthus, Mill, Marx, Engels, marshal (some classical economists), Coase, Demsetz, North, and DoSoto (some New Institutional Economists). The results of the paper revealed that:
1) Classical economists assumed that, property rights is given. But:
2) New Institutional Economists analysis that, property rights is endogenous.
The results of this paper emphasized on the importance of institutional economics analysis- especially economics of property rights- as a complementary to traditional analysis.
 
Keyword(s): PROPERTY RIGHTS, CLASSICAL SCHOOL, NEW INSTITUTIONAL SCHOOL, ECONOMIC GROWTH
 
References: 
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