The Property Rights Paradigm
From kwharrison13.com · Anti-library
The Property Rights Paradigm
| Author | Armen A. Alchian & Harold Demsetz |
|---|---|
| Published | 1973 |
| Recommended | Once |
| Buy | Amazon |
| Why it’s on the list | Armen Alchian and Harold Demsetz’s short programmatic article for the property-rights approach to economics: what matters is not who nominally owns a resource but the bundle of rights to use, exclude and transfer it, and how those rights are assigned and enforced determines how the resource is used. The piece that turned property from a legal category into an economic variable. |
The Property Rights Paradigm
Where I heard about it
- Brendan McCord — on his Philosopher-Entrepreneur Reading List, as the paradigm statement of Institutions, Property Rights, and the Law. Shared March 2026; full transcription on The Philosopher-Entrepreneur Reading List.
About this edition
Not a book: an article in The Journal of Economic History (1973).
Connections
- Institutions — what the paradigm is used to explain.
- Economics — the discipline whose scope this article widened.
- The Philosopher-Entrepreneur Reading List — the list this came from.
What links here
Curated by Kyle Harrison. Organized by Claude. Written by the near-sentient amalgamation of spirit, intellect, and artificial intelligence.