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Property Rights in an Entangled Political Economy

Author

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  • Novak Mikayla

    (School of Economics, Finance and Marketing, RMIT University College of Business, Melbourne, Australia)

Abstract

This paper outlines key applications of property rights theory from the standpoint of ‘entangled political economy,’ which conceptualises economic and political agents interacting within society. The entangled political economy framework stresses that property rights denote relationships between societal members, and that property rights are the subject of evolutionary change. The nature and role of property rights in an entangled political economy reinforces the ‘bundle of rights’ perspective, challenging notions of property rights that emphasise the primacy of ownership. Far from necessarily imperilling the integrity of a market-based economic order, the bundle orientation inherent in entangled political economy can accommodate extensive market activities grounded in robust property right protections.

Suggested Citation

  • Novak Mikayla, 2018. "Property Rights in an Entangled Political Economy," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 24(1), pages 1-10, June.
    • Handle: RePEc:bpj:jeehcn:v:24:y:2018:i:1:p:10:n:1
    DOI: 10.1515/jeeh-2016-0016
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    References listed on IDEAS

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    1. Richard E. Wagner, 2014. "Entangled Political Economy: A Keynote Address," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 15-36, Emerald Group Publishing Limited.
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    5. Ratnapala, Suri, 2003. "Securing Constitutional Government: The Perpetual Challenge," Ratio Working Papers 19, The Ratio Institute.
    6. Edella Schlager & Elinor Ostrom, 1992. "Property-Rights Regimes and Natural Resources: A Conceptual Analysis," Land Economics, University of Wisconsin Press, vol. 68(3), pages 249-262.
    7. Maria Pia Paganelli, 2014. "Adam Smith and Entangled Political Economy," Advances in Austrian Economics, in: Entangled Political Economy, volume 18, pages 37-54, Emerald Group Publishing Limited.
    8. John Forbes, 1995. "Taking Without Paying: Interpreting Property Rights in Australia’s Constitution," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 2(3), pages 313-320.
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