| The Political Economy of Customs and Culture: Informal Solutions to the Commons Problem Contributor(s): Anderson, Terry L. (Editor), Simmons, Randy (Editor), Acheson, James (Contribution by) |
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ISBN: 0847677869 ISBN-13: 9780847677863 Publisher: Rowman & Littlefield Publishers OUR PRICE: $76.95 Product Type: Hardcover Published: March 1993 |
| Additional Information |
| BISAC Categories: - Political Science | Public Policy - Economic Policy - Business & Economics | Real Estate - General |
| Dewey: 333.2 |
| LCCN: 92032790 |
| Series: Political Economy Forum |
| Physical Information: 1" H x 6" W x 9" (1.00 lbs) 260 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Since the writings of Adam Smith, economists have understood the important role that private property rights play in a well functioning economic system. 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 this narrow view of property rights by examining the role of informal constraints imposed by customs and culture. Recognizing that a great deal of human interaction takes place in the absence of individually specified rights, the authors challenge the notion that tragedy is inevitable within the commons. |