Property Rights and Institutional Change: A Collection of Translations from the Property Rights School and the New Institutional School

Author: Armen Alchian
Publisher:
Publish Date: 1994-11-01
Features: The Property Rights School and the New Institutional School are the rising stars in Western economics after the 1950s. Their theories critique 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 renowned scholars from both schools, focusing on their analytical characteristics, important hypotheses, and policy implications. It helps Chinese readers understand the latest developments in Western economics and provides references for us to theoretically analyze some major issues in China's reform and modernization process.