Property rights and welfare: an economic approach

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Published 28-06-2024
José María Aizpurua Aguirre

Abstract

This work introduces the explanations that economists and historians of occidental economic growth have given on the effects that the property rights maintained in a society have on the economic incentives of the individuáis that constitute it, together with the consequences in the assumption of initiatives and in the economic growth. A reflection is made on the explanation given by some of those authors on the appearance and evolution of prívate property rights. Examples are given of societies that have solved important economic problems maintaining communal property rights. Recent evidence is presented on the consequences in terms of economic growth of certain privatising policies carried out in various countries.

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Keywords

Property right, Private property, Economy, Society, Institutions, Common properties

Section
Artículos