Property Rights, Consumption and the Market Process

Property Rights, Consumption and the Market Process

by David Emanuel Andersson


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Property Rights, Consumption and the Market Process extends property

rights theory in new and exciting directions by combining

complementary insights from Austrian, institutional and evolutionary

economics. Mainstream economics tends to analyse property rights

within a static equilibrium framework. In this book David Andersson

reformulates property rights theory as an evolutionary theory of the

market process.

This original work includes many valuable insights and new analysis

such as:

• combining Yoram Barzel’s theory of property rights, Ludwig

Lachmann’s theory of capital, the resource-based view of the firm

and the entrepreneurship theories of Frank Knight, Joseph

Schumpeter and Israel Kirzner

• applying Ronald Inglehart’s theory of value change to discontinuities

in how imitative behaviour influences consumer choice

• a new distributional perspective on the Hayekian knowledge problem

• a model of consumer choice that combines lexicographic

characteristics and learning processes

• a methodological approach that considers the perceived causal

and evidential utilities of a theory

• original empirical material (hedonic price functions and case

studies) and new areas of application for important computer

simulation results.

David Andersson’s book will be warmly welcomed by heterodox

economists and new institutional economists, as well as economists of

entrepreneurship studies, regional development and urban planning.

Product Details

ISBN-13: 9781847209559
Publisher: Elgar, Edward Publishing, Inc.
Publication date: 01/01/2008
Series: New Horizons in Institutional and Evolutionary Economics Series
Pages: 192
Product dimensions: 6.40(w) x 9.30(h) x 0.90(d)

About the Author

David Emanuel Andersson, Senior Lecturer in Economics, Centre of Commerce and Management, RMIT University, Hanoi, Vietnam

Table of Contents

Contents: Preface 1. Attributes, Entrepreneurship and Institutions 2. Attributes and the Theory of Economic Property Rights 3. Property Rights, Institutions and Co-ordination Costs 4. Production Attributes and the Capital Structure 5. Entrepreneurship, Attributes and Judgement 6. Individual Choice and Consumption Attributes 7. Institutions and the Demand for Consumption Attributes References Index

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