Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.
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About the Author
Terry L. Anderson is William A. Dunn Distinguished Senior Fellow at the Property and Environment Research Center and John and Jean De Nault Senior Fellow at the Hoover Institution, Stanford University.
Table of ContentsChapter 1 Institutions and the Wealth of Indian Nations
Chapter 2 Natural Resources on American Indian Reservations: Blessing or Curse?
Chapter 3 Native Americans, Exchange, and the Role of Gift-Giving
Chapter 4 The Potlatch as Fractional Reserve Banking
Chapter 5 Māori Tribal Economy: Rethinking the Original Economic Institutions
Chapter 6 Unlocking the Energy Wealth of Indian Nations
Chapter 7 Divided Interests: The Increasing Detrimental Fractionation of Indian Land Ownership
Chapter 8 Forced Coexistence and Economic Development: Evidence from Native American Reservations
Chapter 9 The Legacy of United States v. Washington: Economic Effects of the Boldt and Rafeedie Decisions
Chapter 10 Paternalism versus Sovereignty: The Long Run Economic Effects of the Indian Reorganization Act
Chapter 11 Indian Entrepreneurship
Chapter 12 Unlocking First Nation Wealth: Past Efforts and Future Opportunities