The Political Institution of Private Property

Overview

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 ...
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Overview

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.
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Editorial Reviews

Timothy Frye
This is a very timely work....Sened provides a very useful approach to study these cases.
— Political Science Quarterly
From the Publisher
"Examination of the origin and extent of property rights has in recent years become a major concern of economists, lawyers, political scientists, and other scholars. This slender yet well-researched and well-argued volume continues this inquiry into property rights....an interesting book." — Choice

"This is a very timely work. Actors in the postcommunist world are creating, altering, and redistributing property rights on a scale rarely seen. Sened provides a very useful approach to study these cases. Moreover, these cases offer the opportunity to buil on Sened's impressive work." Timothy Frye, Political Science Quarterly

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Product Details

  • ISBN-13: 9780521062879
  • Publisher: Cambridge University Press
  • Publication date: 5/15/2008
  • Series: Theories of Institutional Design Series
  • Pages: 220
  • Sales rank: 1,353,688
  • Product dimensions: 5.90 (w) x 9.00 (h) x 0.70 (d)

Table of Contents

List of figures and tables
Preface and acknowledgments
Introduction 1
1 Classical theories of the origin of rights: the social contract 11
2 Neo-classical theories of the origin of property rights: non-strategic individuals in a world without politics 33
3 A game theoretic approach: contemporary theory of institutions 54
4 A neo-liberal theory of the state: the role of government in the evolution of property rights 76
5 A neo-liberal theory of the social contract: the role of autonomous individuals in the evolution of property rights 102
6 Political entrepreneurs: the linkage between autonomous individuals and central authorities 133
7 A case study: the grant of private property rights in air slots 155
Conclusion: the political origin of human rights 178
References 185
Index 199
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