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Property: A Bundle of Rights? Prologue to the Property Symposium

Author

Listed:
  • Daniel B. Klein
  • John Robinson

Abstract

This piece is the Prologue to an _Econ Journal Watch_ symposium entitled, _Property: A Bundle of Rights?_ This Prologue was written to prompt the invited scholars to expound their own criticisms of the bundle-of-rights view, or, as the case may be, to address criticisms out there. The Prologue is written from a staunch yet pragmatic classical liberal perspective. It frames a number of issues, provides a series of quotations, and asks a number of questions intended to prompt the symposium participants. The symposium participants include leading critics of the bundle formulation James E. Penner, Thomas W. Merrill, and Henry E. Smith; younger critics Larissa Katz, Eric R. Claeys, and Adam Mossoff; eminent defenders of the bundle formulation Stephen R. Munzer and Richard A. Epstein; and the renowned property scholar Robert C. Ellickson, who takes a middle position.

Suggested Citation

  • Daniel B. Klein & John Robinson, 2011. "Property: A Bundle of Rights? Prologue to the Property Symposium," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 193-204, September.
  • Handle: RePEc:ejw:journl:v:8:y:2011:i:3:p:193-204
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    File URL: https://econjwatch.org/file_download/498/KleinRobinsonSept2011.pdf?mimetype=pdf
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    Citations

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    Cited by:

    1. Richard A. Epstein, 2011. "Bundle-of-Rights Theory as a Bulwark Against Statist Conceptions of Private Property," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 223-235, September.
    2. Orsi, Fabienne, 2013. "Elinor Ostrom et les faisceaux de droits : l’ouverture d’un nouvel espace pour penser la propriété commune," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 14.
    3. Eric R. Claeys, 2011. "Bundle-of-Sticks Notions in Legal and Economic Scholarship," Econ Journal Watch, Econ Journal Watch, vol. 8(3), pages 205-214, September.

    More about this item

    Keywords

    Property; bundle of rights; exclusion; ownership; legal realism; law and economics;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K1 - Law and Economics - - Basic Areas of Law

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