MARC record from Internet Archive

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003 OCoLC
005 20201001005206.0
008 001009s1990 ne a ob 001 0 eng d
006 m o d
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020 $a9780585285573$q(electronic bk.)
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050 4 $aHB701$b.P44 1990eb
072 7 $aBUS$x054000$2bisacsh
082 04 $a333.3$220
100 1 $aPejovich, Svetozar.
245 14 $aThe economics of property rights :$btowards a theory of comparative systems /$cby Svetozar Pejovich.
260 $aDordrecht ;$aBoston :$bKluwer Academic Publishers,$c©1990.
300 $a1 online resource (xiv, 204 pages) :$billustrations
336 $atext$btxt$2rdacontent
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338 $aonline resource$bcr$2rdacarrier
490 1 $aInternational studies in economics and econometrics ;$vvolume 22
504 $aIncludes bibliographical references and index.
588 0 $aPrint version record.
505 0 $aFront Matter; Scarcity, Institutions and Economic Behavior; The Rise of Capitalism; The Rise of Socialism; Basic Institutions of Capitalism; Exchange in a Private Property Capitalist Economy; Production in a Private Property Capitalist Economy; The Right of Ownership and the Firm; The Attenuated Right of Ownership and the Firm; The Role of Financial Markets in a Private-Property, Free-Market Economy; The History and Development of the Soviet Union Through the 1980S; Basic Institutions of the Soviet-Type Economy: State Ownership; Basic Institutions of the Soviet-Type Economy: Economic Planning.
505 0 $aPart 1: Economic systems, institutions and scarcity -- Part 2: The private-property free-market economy -- Part 3: The Soviet-type economy.
520 $aTo understand recent developments in Eastern Europe requires a method of analysis that is capable of internalizing into a theoretical framework (i) the logical premises deduced from the costs of transactions and incentive structures generated by various institutions and (ii) the evidence for refutable implications of those premises. The economics of property rights is such a theory. It expands the scope of the ability of economic analysis to explain a wide range of institutional structures and provides empirical corroboration of its logical implications. The economics of property rights is, then, an effective scholarly instrument that offers more significant understanding of the three current issues in the area of comparative economic studies: (i) evaluating the performance of alternative institutional arrangements, (ii) explaining the failure of socialist institutions in Eastern Europe, and (iii) identifying the costs (political as well as economic) of institutional reforms in that part of the world. In that sense, the book is both timely and relevant. In the late 1980s East Europeans crossed the threshold of fear and forced their leaders to abandon Marxism. With that theory of history dead and buried, the cost of current sacrifices in the pursuit of socialism has risen relative to the present value of its expected future benefits. --$cProvided by publisher.
650 0 $aComparative economics.
650 0 $aRight of property.
650 0 $aCapitalism.
650 0 $aGovernment ownership$zSoviet Union.
651 0 $aSoviet Union$xEconomic policy.
651 0 $aYugoslavia$xEconomic policy.
650 7 $aBUSINESS & ECONOMICS$xReal Estate$xGeneral.$2bisacsh
650 7 $aRight of property.$2fast$0(OCoLC)fst01097863
650 7 $aGovernment ownership.$2fast$0(OCoLC)fst00945446
650 7 $aEconomic policy.$2fast$0(OCoLC)fst00902025
650 7 $aCapitalism.$2fast$0(OCoLC)fst00846425
650 7 $aComparative economics.$2fast$0(OCoLC)fst00871323
651 7 $aYugoslavia.$2fast$0(OCoLC)fst01279262
651 7 $aSoviet Union.$2fast$0(OCoLC)fst01210281
655 0 $aElectronic books.
655 4 $aElectronic books.
776 08 $iPrint version:$aPejovich, Svetozar.$tEconomics of property rights.$dDordrecht ; Boston : Kluwer Academic Publishers, ©1990$z0792308786$w(DLC) 91158909$w(OCoLC)23027140
830 0 $aInternational studies in economics and econometrics ;$vv. 22.
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856 40 $3SpringerLink$uhttps://doi.org/10.1007/b102393
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