The Economics of Property Rights: Towards a Theory of Comparative Systems

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Table of Contents

Economic Systems, Institutions and Scarcity.- Scarcity, Institutions and Economic Behavior.- The Rise of Capitalism.- The Rise of Socialism.- The Private-Property Free-Market Economy.- Basic Institutions of Capitalism.- Exchange in a Private Property Capitalist Economy.- Production in a Private Property Capitalist Economy.- The Right of Ownership and the Firm.- The Attenuated Right of Ownership and the Firm.- The Role of Financial Markets in a Private-Property, Free-Market Economy.- The Soviet-Type Economy.- The History and Development of the Soviet Union Through the 1980S.- Basic Institutions of the Soviet-Type Economy: State Ownership.- Basic Institutions of the Soviet-Type Economy: Economic Planning.- Basic Institutions of the Soviet-Type Economy: The Political and Economic Monopoly of the Politburo.- The Behavior of the Soviet-Type Firm.- Performance of the Soviet-Type Economy.- Toward the End of the Soviet-Type Economy.- The Yugoslav-Type Economy.- Basic Institutions of the Labor-Managed Economy.- The Behavior of the Labor-Managed Firm.- Failure of the Labor-Managed Type Economy.

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