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The Origins and Consequences of Property Rights

Austrian, Public Choice, and Institutional Economics Perspectives

Published online by Cambridge University Press:  30 November 2020

Colin Harris
St Olaf College, Minnesota
Meina Cai
University of Connecticut
Ilia Murtazashvili
University of Pittsburgh
Jennifer Brick Murtazashvili
University of Pittsburgh


Property rights are the rules governing ownership in society. This Element offers an analytical framework to understand the origins and consequences of property rights. It conceptualizes of the political economy of property rights as a concern with the follow questions: What explains the origins of economic and legal property rights? What are the consequences of different property rights institutions for wealth creation, conservation, and political order? Why do property institutions change? Why do legal reforms relating to property rights such as land redistribution and legal titling improve livelihoods in some contexts but not others? In analyzing property rights, the authors emphasize the complementarity of insights from a diversity of disciplinary perspectives, including Austrian economics, public choice, and institutional economics, including the Bloomington School of institutional analysis and political economy.
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Online ISBN: 9781108979122
Publisher: Cambridge University Press
Print publication: 24 December 2020
© Meina Cai, Ilia Murtazashvili, Colin Harris, and Jennifer Murtazashvili 2020

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