Acknowledgements

List of contributors

Foreword

Preface

PART I PROPERTY RIGHTS: DEFINITION AND ECONOMIC SIGNIFICANCE

Svetozar Pejovich

1 Introduction to Chapters 2, 3, 4 and 5.

Armen Alchian (1977)

2 `Some Implications of Recognition of Property Right Transactions Costs' in K. Brunner (ed.), Economics and Social Institutions: Insights from the Conferences on Analysis and Ideology, Boston, Mass: Martinus Nijhoff Publishing, 234-55.

Richard A. Posner (1992)

3 Extracts from `Property' in Richard A. Posner, Economic Analysis of Law, 4th edition, Toronto: Little, Brown and Company, 32-49.

Bruno Leoni (1961)

4 `Freedom and the Rule of Law' in Bruno Leoni, Freedom and the Law, D. Van Nostrand Company Inc., 59-76 and 192.

James M. Buchanan (1972)

5 `Politics, Property, and the Law: An Alternative Interpretation of Miller et al. v. Schoene', Journal of Law and Economics, 15(2), October, 439-52.

PART II HOW AND WHY DO PROPERTY RIGHTS DEVELOP?

Svetozar Pejovich

6 Introduction to Chapters 7, 8 and 9.

Douglass C. North (1988)

7 `Institutions, Economic Growth and Freedom: An Historical Introduction' in M. Walker (ed.), Freedom, Democracy and Economic Welfare, Fraser Institute, 3-25.

Terry L. Anderson

Peter J. Hill (1983)

8 `Privatizing the Commons: An Improvement?', Southern Economic Journal, 50, 438-50.

John Umbeck (1981)

9 `Might Makes Rights: A Theory of the Formation and Initial Distribution of Property Rights', Economic Inquiry, XIX, January, 38-59.

PART III THE ECONOMIC THEORY OF PROPERTY RIGHTS

Svetozar Pejovich

10 Introduction to Chapters 11, 12, 13, 14 and 15.

Armen Alchian (1967)

11 `How Should Prices be Set?', Il Politico, XXXII, 369-82.

Benjamin Klein (1980)

12 `Transaction Cost Determinants of "Unfair" Contractual Arrangements', American Economic Review, 70 (2), May, 356-62.

Yoram Barzel (1982)

13 `Measurement Cost and the Organization of Markets', Journal of Law and Economics, XXV (1), April, 27-48.

Svetozar Pejovich (1996)

14 `Property Rights and Technological Innovation' in E. Paul, F. Miller and J. Paul (eds), Scientific Innovation, Philosophy and Public Policy, Cambridge University Press, 168-80.

Armen Alchian

Susan Woodward (1988)

15 `The Firm is Dead; Long Live the Firm: A Review of Oliver E. Williamson's The Economic Institutions of Capitalism', Journal of Economic Literature, XXVI, March, 65-79.

PART IV PROPERTY RIGHTS AND ECONOMIC PERFORMANCE

Svetozar Pejovich

16 Introduction to Chapters 17, 18, 19, 20 and 21.

Lord Peter Bauer (1988)

17 `Black Africa: Free or Oppressed?' in M. Walker (ed.), Freedom, Democracy and Economic Welfare, Fraser Institute, 213-23.

Enrico Colombatto

Jonathan Macey (1994)

18 `A Public Choice View of Transition in Eastern Europe', Economia delle Scelte Pubbliche, 12, 113-32, abridged.

Svetozar Pejovich (1993)

19 `Institutions, Nationalism, and the Transition Process in Eastern Europe' in Ellen Paul (ed.), Liberalism and the Economic Order, Cambridge University Press, 65-78.

James A. Dorn (1990)

20 `Pricing and Property: The Chinese Puzzle' in James A. Dorn and Wang Xi (eds), Economic Reform in China: Problems and Prospects, Chicago, III.: University of Chicago Press, 39-61, abridged.

Karl Brunner (1985)

21 `The Limits of Economic Policy', Schweizerische Zeitschrift fur Volkwirtschaft und Statistik, 121, 213-34.

Name Index