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Property Rights Problems in Agricultural Cooperatives: A Heterodox Institutionalist Perspective

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  • Valentinov, Vladislav
  • Iliopoulos, Constantine

Abstract

New institutional economists have identified a number of property rights problems in agricultural cooperatives. This paper reconsiders these problems from the perspective of heterodox institutionalist economics in the tradition of Veblen and Ayres. The property rights problems of agricultural cooperatives seemingly reinforce the new institutional economics presumption of the superiority of fully delineated private ownership. In contrast, the paper shows these problems to be likewise consistent with the heterodox institutionalist school, which is much more reserved about the societal role of private ownership. Toward this end, the paper elaborates the logical structure of the so-called “institutionalist dichotomy”. The property rights problems of agricultural cooperatives are explained as a particular manifestation of this dichotomy. die ländlichen Genossenschaften unter mehreren eigentumsrechtlichen Problemen. Dieser Aufsatz betrachtet diese Probleme unter dem Blickwinkel der heterodoxen institutionenökonomischen Theorie von Veblen und Ayres. Einerseits bestätigen die genannten Probleme die Annahme der neuen Institutionenökonomik über die Überlegenheit des vollständig definierten privaten Eigentums über andere Eigentumsregimes. Dieser Aufsatz zeigt jedoch, dass sich die betrachteten eigentumsrechtlichen Probleme auch aus der Sicht der heterodoxen institutionalistischen Schule rekonstruieren lassen, deren Einstellung zum privaten Eigentum wesentlich zurückhaltender ist. Dazu arbeitet der Aufsatz die logische Struktur der sogenannten „institutionalistischen Dichotomie“ heraus und erklärt die eigentumsrechtlichen Probleme der ländlichen Genossenschaften als eine Erscheinungsform dieser Dichotomie.

Suggested Citation

  • Valentinov, Vladislav & Iliopoulos, Constantine, 2012. "Property Rights Problems in Agricultural Cooperatives: A Heterodox Institutionalist Perspective," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 61(03), pages 1-9, August.
    • Handle: RePEc:ags:gjagec:199776
    DOI: 10.22004/ag.econ.199776
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    Cited by:

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    3. Graţiela Georgiana Noja & Mirela Cristea & Nicoleta Sîrghi & Oana-Ramona Socoliuc Guriță & Ioana Vădăsan & Daniel Cîrciumaru, 2023. "Corporate governance, ownership concentration and performance of European agricultural companies: New empirical evidence," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 69(4), pages 151-161.
    4. Peter ADAMISIN & Rastislav KOTULIC & Ivana KRAVCAKOVA VOZAROVA, 2017. "Legal form of agricultural entities as a factor in ensuring the sustainability of the economic performance of agriculture," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(2), pages 80-92.
    5. Carías Vega, Dora E. & Keenan, Rodney J., 2016. "Situating community forestry enterprises within New Institutional Economic theory: What are the implications for their organization?," Journal of Forest Economics, Elsevier, vol. 25(C), pages 1-13.
    6. Valentinov, Vladislav & Hielscher, Stefan & Pies, Ingo, 2015. "Nonprofit organizations, institutional economics, and systems thinking," Economic Systems, Elsevier, vol. 39(3), pages 491-501.
    7. Valentinov, Vladislav, 2015. "From equilibrium to autopoiesis: A Luhmannian reading of Veblenian evolutionary economics," Economic Systems, Elsevier, vol. 39(1), pages 143-155.

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