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Some Considerations Relating to Property Rights in Man

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  • Engerman, Stanley L.

Abstract

The existence of property rights affects the allocation and distribution of economic resources. The exclusive rights to ownership and control over assets leads to a different level and pattern of economic activity than would occur if these assets remained unowned or “common property.” While property rights are frequently subject to various constraints imposed by law or custom, within these bounds owners are free to use their resources to achieve their desired ends. Resources may be sold in an exchange of property rights, rented for a specified time period in exchange for some quid pro quo, or employed (or kept idle) by the owner himself. The owner's welfare function will include the income (or other utility) derived from use of the resource, while, for purposes of measuring national income, the final consumption of the entire population would be included.

Suggested Citation

  • Engerman, Stanley L., 1973. "Some Considerations Relating to Property Rights in Man," The Journal of Economic History, Cambridge University Press, vol. 33(1), pages 43-65, March.
    • Handle: RePEc:cup:jechis:v:33:y:1973:i:01:p:43-65_07
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    Cited by:

    1. Mello, Pedro Carvalho de, 1978. "Aspectos econômicos da organização do trabalho da economia cafeeira do Rio de Janeiro, 1850-88," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 32(1), January.
    2. Duleep, Harriet, 2012. "The Labor/Land Ratio and India's Caste System," IZA Discussion Papers 6612, Institute of Labor Economics (IZA).
    3. Bernd Beber & Christopher Blattman, 2010. "The Industrial Organization of Rebellion: The Logic of Forced Labor and Child Soldiering," HiCN Working Papers 72, Households in Conflict Network.
    4. Harriet Orcutt Duleep, 2013. "The Labor/Land Ratio and India’s Caste System," Working Papers 137, Department of Economics, College of William and Mary.
    5. Lueck, Dean & Miceli, Thomas J., 2007. "Property Law," Handbook of Law and Economics, in: A. Mitchell Polinsky & Steven Shavell (ed.), Handbook of Law and Economics, edition 1, volume 1, chapter 3, pages 183-257, Elsevier.
      • Dean Lueck & Thomas J. Miceli, 2004. "Property Law," Working papers 2004-04, University of Connecticut, Department of Economics.
    6. Martins, Igor, 2019. "An Act for the Abolition of the Slave Trade: The Effects of an Import Ban on Cape Colony Slaveholders," African Economic History Working Paper 43/2019, African Economic History Network.
    7. Klas Rönnbäck, 2014. "Slave ownership and fossil fuel usage: a commentary," Climatic Change, Springer, vol. 122(1), pages 1-9, January.
    8. Rick Geddes & Dean Lueck, 2002. "The Gains From Self-Ownership and the Expansion of Women's Rights," American Economic Review, American Economic Association, vol. 92(4), pages 1079-1092, September.
    9. Wasiq N. Khan, 2022. "The Labor Productivity Differential between the West Indies and West Africa: 1680-1830," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 56(1), pages 219-242, June.
    10. Allen, Robert C., 1997. "Agriculture and the Origins of the State in Ancient Egypt," Explorations in Economic History, Elsevier, vol. 34(2), pages 135-154, April.
    11. Alice Sindzingre, 2005. "Explaining Threshold Effects of Globalization on Poverty: an Institutional Perspective," WIDER Working Paper Series RP2005-53, World Institute for Development Economic Research (UNU-WIDER).
    12. Kaushik Basu, 2016. "Beyond the Invisible Hand: Groundwork for a New Economics," Economics Books, Princeton University Press, edition 1, number 9299.
    13. Bourdieu, Jérôme & Reynaud, Bénédicte, 2002. "Factory discipline and externalities in the reduction of working time in the 19th century in France," CEPREMAP Working Papers (Couverture Orange) 0208, CEPREMAP.

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