Towards a More Evolutionary Theory of Property Rights

Author:Lee Alston & Bernardo Mueller
Position::Ostrom Chair & Professor of Economics/Professor of Economics, Universidade de Brasilia
Pages:2255-2273
SUMMARY

Property rights are often referred to as "evolving," but the term is usually used to signify a gradual process of change rather than one based on Darwinian evolutionary theory. Because property rights go through processes of variation, selection and replication, a more rigorously evolutionary approach can improve our understanding of how property rights change over time. This Essay uses fitness... (see full summary)


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