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The Political Institution of Private Property (Theories of Institutional Design)

The Political Institution of Private Property (Theories of Institutional Design)

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Itai Sened
Cambridge University Press, 7/24/1997
EAN 9780521572477, ISBN10: 0521572479

Hardcover, 220 pages, 23.6 x 15.9 x 2.3 cm
Language: English

In this book, Itai Sened examines the political institution of property and other individual rights. His argument is that the foundation of such rights is to be found in the political and economic institutions which grant and enforce them and not in any set of moral principles or 'nature'. The book further argues that individual rights are instituted through a political process, and not by any hidden market forces. The origin of rights is placed in a social contract that evolves as a political process in which governments grant and protect property and other individual rights to constituents, in return for economic and political support. Extending neo-institutional theory to the subject, and using a positive game theoretic approach in its analysis, this book is an original contribution to scholarship on the evolution of rights.

List of figures and tables
Preface and acknowledgements
Introduction
1. Classical theories of the origin of rights
the social contract
2. Neo-classical theories of the origin of property rights
non-strategic individuals in a world without politics
3. A game theoretic approach
contemporary theory of institutions
4. A neo-liberal theory of the state
the role of government in the evolution of property rights
5. A neo-liberal theory of the social contract
the role of autonomous individuals in the evolution of property rights
6. Political entrepreneurs
the linkage between autonomous individuals and central agents
7. A case study
the grant of private property rights in air slots
Conclusion
the political origin of human rights
References
Index.