scholarly journals A Private Property Rights Approach on the Social Aspects of a Free Market Economy

2012 ◽  
Vol 5 (2a) ◽  
pp. 100-114
Author(s):  
Stamate Andreas
Keyword(s):  
Property Rights ◽  
Market Economy ◽  
Private Property ◽  
Free Market ◽  
Social Aspects ◽  
Free Market Economy ◽  
Private Property Rights ◽  
The Social

scholarly journals Privatization in economic theory

2007 ◽  
Vol 54 (1) ◽  
pp. 103-118 ◽  
Author(s):  
Maja Drakic
Keyword(s):  
Property Rights ◽  
Economic System ◽  
Market Economy ◽  
Private Property ◽  
Choice Theory ◽  
Free Market ◽  
Mass Scale ◽  
Equilibrium Models ◽  
Dominant Form ◽  
Private Property Rights

In reality privatization has never occurred according to the handbook rules of ordinary market transactions. Not even in advanced market economies can privatization transactions be described by the Walrasian or Arrowian, or Leontiefian equilibrium models, or by the equilibrium models of the game theory. In these economies transactions of privatization take place in a fairly organic way ? which means that those are driven by the dominance of private property rights and in a market economy. But despite this fact Western privatization also some peculiar features as compared to ordinary company takeovers, since the state as the seller may pursue non ? economic goals. Changes in the dominant form of property change positions and status of many individuals and groups in the society. That?s why privatization can even less be explained by ordinary market mechanisms in transition countries where privatizing state-owned property have happened in a mass scale and where markets and private property rights weren't established at the time process of privatization began. In this paper I?ll discuss and analyze the phenomenon of privatization in context of different economic theories arguing that empirical results go in favor of the public choice theory (Buchanan, 1978), theory of "economic constitution" (Brennan and Buchanan 1985), (Buchanan and Tullock, 1989), and theory of "collective action" (Olson, 1982). These theories argues that transition from one economic system into another, for example transition from collectivistic, socialistic system into capitalism and free market economy with dominant private property, will not happen through isolated changes of only few economic institutions, no matter how deep that changes would be. In other words privatization can not give results if it's not followed by comprehensive change of economic system because privatized companied wouldn't be able to operate in old environment.

Property in the Kibbutz: Old and New

2018 ◽  
pp. 58-78
Author(s):  
Abraham Bell ◽  
Gideon Parchomovsky ◽  
Benjamin Weitz
Keyword(s):  
Property Rights ◽  
Private Property ◽  
Free Market ◽  
Unique Property ◽  
Free Market Economy ◽  
Private Property Rights ◽  
System P ◽  
Legal Challenges ◽  
Property Regime ◽  
Israeli Kibbutz

In this chapter, we discuss the unique property norms that emerged within the Israeli kibbutz and the challenges to which they gave rise. Originally, the prevailing property regime in kibbutzim reflected a deep commitment to socialist ideology. All property was owned by the collective and individual members only held licences or permits to use kibbutz property. With time, as Israeli society has moved towards a free market economy and following a series of financial crises, most kibbutzim have abandoned the strict ban on private property and have gradually gravitated towards a system of private property rights. This transition has given rise to intricate legal challenges. It forced kibbutzim to adopt a system of allocating private property rights to their members in assets and has required Israeli courts to grapple with unique property arrangements that existed solely within kibbutzim and effectuate them within the formal legal system.

Spanish Imperial Vassalage and the Social Reproduction of Slavery in Colonial Cuba

2018 ◽  
Vol 3 (3) ◽  
pp. 261-285
Author(s):  
Karen Y. Morrison
Keyword(s):  
Nineteenth Century ◽  
Political Economy ◽  
Property Rights ◽  
Social Reproduction ◽  
Private Property ◽  
Spanish America ◽  
Private Property Rights ◽  
Center Point ◽  
The Social ◽  
The Relationship

Abstract With the social reproduction of slavery in colonial Cuba as its center point, this essay draws on the recent historiographical acknowledgment of the way vassalage mediated the often starkly drawn social distinctions between whites and enslaved people within colonial Spanish America. Inside the region’s emergent, capitalist political economy, feudal vassalage continued to define each social sector’s rights and responsibilities vis-á-vis the Spanish Crown. The rights of enslaved vassals derived from their potential contributions to the Spanish monarchy’s imperial survival, in their capacity to populate the extensive empire with loyal Catholic subjects and potential military defenders. These concerns also justified the Spanish monarchial state’s ability to intervene between its slaveholding vassals and its enslaved vassals, by limiting private property rights over enslaved people and operating in ways that did not fully conform to capitalist profit motives. Awareness of such sovereign-vassal interdependencies challenges historians to broaden their understanding of the relationship between capitalism and slavery to include the remnants of feudal social-political forms, even into the nineteenth century.

scholarly journals Tropical Deforestation: Can Property Rights Stem the Tide?

SURG Journal ◽  
2016 ◽  
Vol 8 (2) ◽  
pp. 45-54
Author(s):  
Daniel Bayley
Keyword(s):  
Property Rights ◽  
Tropical Forests ◽  
Private Property ◽  
Free Market ◽  
Tropical Deforestation ◽  
Private Ownership ◽  
Private Property Rights ◽  
Effective Form ◽  
Tropical Forest Management ◽  
Market Environmentalism

In this report the property right structures surrounding tropical forest management are analyzed with a specific case study presented on tropical forests in Honduras. In order to adequately understand the set of property rights in place surrounding tropical forests, the applicable sets of property rights are laid out and explained (private, common, state, and open access). It is argued that the current property rights regimes in place surrounding tropical forests are inadequate and are the issue leading to high levels of deforestation. Conflicts and controversies surrounding the issue are presented for a counterargument and separate view of the issue. It was found that the current property rights regime in Honduras is inadequate for effective resource management as it lacks enforceability along with structure and is the prominent issue surrounding tropical deforestation. Private property rights were the most effective form of property rights found for maintaining natural resources, and it is therefore recommended that private ownership be instilled upon tropical forests to reduce the rate of deforestation. Free Market Environmentalism (FME) is offered as a solution to the current methodology for the management of tropical forests, as it advocates for private ownership and an enforceable set of rights. Therefore, it is recommended that a private property rights regime following the FME methodology replace existing state property rights in order to stem the tide of tropical deforestation.

Property Rights

2019 ◽  
pp. 611-614
Author(s):  
Thomas Apolte
Keyword(s):  
Property Rights ◽  
Market Economy ◽  
Significant Role ◽  
Economic Efficiency ◽  
Private Property ◽  
Resource Acquisition ◽  
Economic Competition ◽  
Private Property Rights ◽  
Ownership Structures ◽  
Distribution Of Wealth

Creation of ownership structures under private law as well as market liberalization can be seen as central to transformation. This chapter examines how private property rights, among others, encourage economic efficiency, strengthen economic competition, make businesses subject to the discipline of the market, and create a capital market. The emergence and development of a property rights structure at a given point in time is always also the result of a conflictual history. One of the advantages of a developed market economy is that conflictual resource acquisition lies in the past and has ceased to play a significant role in the recognition of the existing distribution of wealth. It is astonishing how little conflict was caused by post-socialist privatization.

scholarly journals Justice, power and informal settlements: Understanding the juridical view of property rights in Central Asia

2019 ◽  
Vol 35 (1) ◽  
pp. 22-44 ◽  
Author(s):  
Balihar Sanghera
Keyword(s):  
Property Rights ◽  
Central Asia ◽  
Social Inequalities ◽  
Private Property ◽  
Moral Economy ◽  
Social Needs ◽  
Private Property Rights ◽  
The Social ◽  
Soviet Space ◽  
Migrant Groups

The article examines how judges and lawyers struggle to legitimise and normalise private property rights against attempts by poor and migrant groups to politicise housing and social needs in Central Asia. It discusses the juridical understanding of justice and equality in relation to property rights violations on the outskirts of major cities in Kyrgyzstan and Kazakhstan. It argues that the juridical system is central in construing property rights and obligations, and in so doing social inequalities are legitimised and naturalised in a neoliberalising post-Soviet space. The article uses the concepts of ‘the moral economy’ and ‘the juridical field’ to examine how judges and lawyers justify and normalise their ways of interpreting and ordering the social world.

Neoconservative Catholicism in the United States

2018 ◽  
Author(s):  
Matthew A. Shadle
Keyword(s):  
Market Economy ◽  
Political Institutions ◽  
Free Market ◽  
The United States ◽  
Free Market Economy ◽  
Democratic Capitalism ◽  
The Social ◽  
Human Creativity ◽  
The Us

This chapter looks at neoconservative Catholicism, and in particular the work of Michael Novak. Neoconservative Catholics were critical of both progressive Catholics and the US Catholic bishops for not recognizing the benefits of the free-market economy. In his work, Novak provides a defense of what he calls democratic capitalism, consisting in a free-market economy, democratic political institutions, and a pluralistic culture. Novak offers a Catholic justification of democratic capitalism, appealing to human creativity and the social bonds created through commerce. The chapter also considers criticisms of Novak’s work, looking at issues such as the role of institutions and structures in the economy and the relationship between human creativity and the call to be a disciple of Jesus Christ.

The Economic and Political Liberalization of Socialism: The Fundamental Problem of Property Rights

1993 ◽  
Vol 10 (2) ◽  
pp. 79-102 ◽  
Author(s):  
William H. Riker ◽  
David L. Weimer
Keyword(s):  
Property Rights ◽  
Market Economy ◽  
Private Property ◽  
Fundamental Problem ◽  
Political Regime ◽  
Political Liberalization ◽  
Private Property Rights ◽  
Political Experience ◽  
Collective Goods ◽  
Neoclassical Economic Theory

All our previous political experience, and especially, of course, the experience of Eastern Europe and Central Asia, offers little hope that democracy can coexist with the centralized allocation of economic resources. Indeed, simple observation suggests that a market economy with private property rights is a necessary, although not sufficient, condition for the existence of a democratic political regime. And this accords fully with the political theory of liberalism, which emphasizes that private rights, both civil and economic, be protected and secure. At the same time, our previous experience also indicates that market economies are more successful than centrally planned economies not only in producing, but also in distributing, both private and collective goods. This economic experienee is supported by neoclassical economic theory, which treats clearly defined and secure rights to private property as essential to a market economy.

scholarly journals Corruption and Economic Liberty in Central Asian Republics (2001-2008)

2010 ◽  
Author(s):  
İlyas Sözen ◽  
Ahmet Alkan Çelik ◽  
Selahattin Sarı
Keyword(s):  
Market Economy ◽  
Economic Freedom ◽  
Free Market ◽  
Free Market Economy ◽  
Bureaucratic Corruption ◽  
Natural Sources ◽  
Economic Liberty ◽  
Central Asian ◽  
The Social ◽  
Central Asian Republics

The aim of this study is to examine, in the period between two global economic crises, the progress of economic freedom along with corruptions in Central Asian Republics, integrated into the free market economy according to “the Washington Consensus” since late 1990s. According to exportation of natural sources, Azerbaijan, Kazakhstan and Turkmenistan together with Kyrgyzstan, Uzbekistan and Tajikistan all seemed to have entirely different economic structures. Basic macro economic variables, economic liberty indicators and corruption data covering the period of 2001-2008 are to be discussed. In the light of the outcomes of this study, it is observed that, while the social structure in the countries exporting natural sources is stronger, due to the authoritarian structures of the countries in both groups of countries, bureaucratic corruption increases consistently. As Central Asian Republics are in a state of unsuccessful transition into the market economy, the betterment in legislation does not debug the system called “limbo” (neither planned economy nor free market).

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