Property Rights and Institutional Change

Author: (USA) Coase (Coadse, R.), (USA) Alchain (Alchain, A.), (USA) North (North, D.)
Publishing House:
Publish Date: 2004-01-01
Features: The property rights school and the new institutional school are the rising stars of Western economics after the 1950s. Their theories criticize and revise some unrealistic assumptions of traditional economics, revealing the role of property rights and institutions in economic life. This book selects 13 representative works of famous scholars from the property rights and new institutional schools, focusing on their analytical characteristics, important hypotheses, and policy implications. It helps Chinese readers understand the new developments in Western economics and provides references for us to theoretically analyze some major issues in China's reform and modernization process.