Genesis and evolution of ownership rights concepts in the context of development of the modern institutional economic theory
The article generalises approaches to identification of conceptual foundations and methodology of institutional approach to study of economic phenomena and processes. It considers the economic nature of ownership rights as a complex of economic, social and legal relations that originate between society members with respect to existence and use of benefits. It gives a description of specific features of institutional approach to the study of ownership rights problems. It generalises provisions of the ownership rights theory with respect to identification and protection of ownership rights in the context of interaction of the economic and legal systems of society. It considers provisions of the institutional theory of the state and institutional concept of realisation of the state power when establishing and ensuring ownership rights. It identifies regularities (in accordance with provisions of the new economic history) of the dynamics of the process of transformation of society institutes and legal systems under influence of endogenous reasons.
Volume (Year): (2013)
Issue (Month): 3 ()
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- Greif, Avner, 1998. "Historical and Comparative Institutional Analysis," American Economic Review, American Economic Association, vol. 88(2), pages 80-84, May.
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