The Political Economy of Customs and Culture - Hardcover

Hardcover

ISBN 10: 0847677869 ISBN 13: 9780847677863

Publisher: Rowman & Littlefield Publishers, 1993

Synopsis

Since the writings of Adam Smith, economists have understood the important role that private property rights play in a well functioning economic system. Without well-defined, enforced, and transferable property rights, the tragedy of the commons is said to result as in the classic case of over-fishing and over-grazing. This book challenges this narrow view of property rights by examining the role of informal constraints imposed by customs and culture. Recognizing that a great deal of human interaction takes place in the absence of individually specified rights, the authors challenge the notion that tragedy is inevitable within the commons.

About this title

About the Author:

Terry L. Anderson, professor of economics at Montana State University, is senior research associate with the Political Economy Research Center.

Randy Simmons is director of the Institute of Political Economy and head of the department of political science at Utah State University.

Review:

These authors have produced a seminal work in what promises to be an exciting new field of research. (The Locksmith Review)

About this edition

• Publisher: Rowman & Littlefield Publishers
• Publication date: 1993
• ISBN 10: 0847677869
• ISBN 13: 9780847677863
• Binding: Hardcover
• Number of pages: 260
• Editor: Anderson Terry L., Simmons Randy