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Politics, Property, and the Law: An Alternative Interpretation of Miller et al. v. Schoene

In: The Economic Foundations of Property Rights

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  • James M. Buchanan

Abstract

Property rights formalize the relationship between individuals and goods. They form the cornerstone of the pricing, supply and efficient allocation of scarce resources between individuals. The Economic Foundations of Property Rights is an outstanding collection of some of the most important work from the founders of the field, including James M. Buchanan, Douglass C. North, Richard Posner, Armen Alchian, Lord Peter Bauer and Karl Brunner.

Suggested Citation

  • James M. Buchanan, 1997. "Politics, Property, and the Law: An Alternative Interpretation of Miller et al. v. Schoene," Chapters, in: Svetozar Pejovich (ed.), The Economic Foundations of Property Rights, chapter 5, pages 66-80, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1205_5
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    Cited by:

    1. Bromley, Daniel W., 1984. "Property Rights and Economic Incentives in Resource and Environmental Systems," Staff Papers 200436, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    2. Fischel William A., 2007. "The Law and Economics of Cedar-Apple Rust: State Action and Just Compensation in Miller v. Schoene," Review of Law & Economics, De Gruyter, vol. 3(2), pages 133-195, February.
    3. Shruti Rajagopalan & Richard Wagner, 2013. "Constitutional craftsmanship and the rule of law," Constitutional Political Economy, Springer, vol. 24(4), pages 295-309, December.
    4. Steve Pejovich, 2003. "Understanding the transaction costs of transition: it's the culture, stupid," ICER Working Papers 24-2003, ICER - International Centre for Economic Research.
    5. C. M. Melenovsky, 2019. "The Status Quo in Buchanan’s Constitutional Contractarianism," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 36(1), pages 87-109, October.
    6. Alain Marciano, 2007. "Value and exchange in law and economics: Buchanan versus posner," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(2), pages 187-200, September.
    7. John Meadowcroft, 2014. "Exchange, unanimity and consent: a defence of the public choice account of power," Public Choice, Springer, vol. 158(1), pages 85-100, January.
    8. Joseph Cordes & Robert Goldfarb, 1983. "Alternate rationales for severance pay compensation under airline deregulation," Public Choice, Springer, vol. 41(3), pages 351-369, January.

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