The Political Economy of Customs and Culture

Author : Randy, principal, Peoria Notre Dame High School, Peoria, Illinois Simmons,Terry L. Anderson

Hardback

Published : Tuesday 16 March 1993

ISBN : 9780847677863

Price : €72.54

Description

Without well-defined, enforced and transferable property rights, the tragedy of the commons is said to result, as in the classic case of over-fishing and over-grazing. This book challenges that view of property rights by examining the role of informal constraints imposed by customs and culture.

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