An Endogenous Theory of Property Rights (Critical Agrarian Studies)

ISBN 10: 1138081140 / ISBN 13: 9781138081147

Published by Routledge, 2017

About this Item

pp. 220.

Seller Inventory # 371885036

Bibliographic Details

• Title: An Endogenous Theory of Property Rights (Critical Agrarian Studies)
• Publisher: Routledge
• Publication Date: 2017
• Language: English
• ISBN 10: 1138081140
• ISBN 13: 9781138081147
• Binding: Hardcover
• Condition: New

About this title

Synopsis

From a neo-liberal, neo-classical paradigm, secure, formal and private property rights are crucial to fostering sustained development. Institutions that fail to respond to shifting socio-economic opportunities are thus forced to make new arrangements. The enigma is posed by developments on the ground. Why would the removal of authoritarian institutions during the Arab Spring or Iraq War not increase market efficiency but rather cause the reverse, while China and India, despite persisting insecure, informal and common institutions, featured sustained growth? This collection posits that understanding these paradoxes requires a refocusing from form to function, detached from normative assumptions about institutional appearance. In so doing, three things are accomplished. First, starting from case studies on land, it is ascertained that the argument can be meaningfully extended to labour, capital and beyond. Second, the argument validates the ‘Credibility Thesis’ – that is, once institutions persist, they fulfil a function. Third, the collection studies ‘development, broadly construed’, by including the modes of production and beyond, the rural and urban, the developed and developing. This is why it reviews property rights from China and India, to Turkey, Mexico and Malaysia, covering issues such as customary rights and privatization, mining and pastoralism, dam-building and irrigation, but also state-owned banks, trade unions and notaries.

This book was originally published as a special issue of The Journal of Peasant Studies.

About the Author

Peter Ho is Full Professor at Tsinghua University, China, and Delft University of Technology, the Netherlands. He has published widely in the leading journals of development and planning (H-index: 29). Ho has worked extensively on the revision of ‘Western’ theories of development. He was named Fellow in China’s 1000 Talents Program; awarded the Kapp Prize by EAEPE, one of the largest heterodox economics associations; and was awarded the Consolidator Grant by the European Research Council.