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Some Considerations Relating to Property Rights in Man

Bibliographic Data

ID10102528
AuthorsStanley L Engerman (University of Rochester, corresponding author)
Year1973
Volume33
Issue1
Pages43-65
Publication date1973-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700076439
OpenAlexW2160419871
LanguageEN
Citations received40
References cited44

The existence of property rights affects the allocation and distribution of economic resources. The exclusive rights to ownership and control over assets leads to a different level and pattern of economic activity than would occur if these assets remained unowned or “common property.” While property rights are frequently subject to various constraints imposed by law or custom, within these bounds owners are free to use their resources to achieve their desired ends. Resources may be sold in an exchange of property rights, rented for a specified time period in exchange for some quid pro quo, or employed (or kept idle) by the owner himself. The owner's welfare function will include the income (or other utility) derived from use of the resource, while, for purposes of measuring national income, the final consumption of the entire population would be included

Business · Consumption (sociology · Distribution (mathematics · Economics · Function (biology · Law and economics · Market economy · Microeconomics · Population · Property (philosophy · Property rights · Public economics · Resource (disambiguation · Social welfare function · Sociology · Status quo · Welfare · Computer Science · Economic theories and models · Economic Theory and Policy · Mathematics · Political Economy and Marxism

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Unique citing works40
Citations per year0,75
Citation span1973 - 2026 (54)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 38

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