Disagreement over the emergence of private property rights: alternative meanings, alternative explanations |
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| Authors: | Scott A Beaulier David L Prychitko |
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| Institution: | (1) Stetson School of Business and Economics, Mercer University, Georgia;(2) Department of Economics, Northern Michigan University, Michigan;(3) Faculty Affiliate, Program on Markets and Institutions, James M. Buchanan Center for Political Economy, George Mason University, Fairfax |
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| Abstract: | This paper is an exercise in the history of thought, which compares Austrian and neoclassical theories of the emergence of
private property rights, and examines, in part, the extent to which Austrians can be said to offer a commonly-agreed upon
explanation that parallels Carl Menger's exemplary story of the emergence of money. We address the sources of disagreement
(and apparent conflict) among emergence theorists in both schools. We try to show that some of the disagreement hinges on
an unclear meaning of the term “emergence,” which is resolvable, while other sources of disagreement are fundamental at the
methodological level.
JEL Code B25, E40, E53 |
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| Keywords: | Property rights Emergence Evolution Instrumentalism Functionalism Praxeology |
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