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On Hodgson on property rights

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  • ALLEN, DOUGLAS W.

Abstract

Geoffrey Hodgson has a number of criticisms regarding the ‘economic approach to property rights’ that has been mostly championed by members of the UCLA and Washington departments of economics during the 1960s–1990s. In this short note I address these comments and point out that most are simply a matter of nomenclature. When there are disagreements they stem from Hodgson’s failure to account for positive transaction costs and this literature’s emphasis on operational explanations of organization.

Suggested Citation

  • Allen, Douglas W., 2015. "On Hodgson on property rights," Journal of Institutional Economics, Cambridge University Press, vol. 11(4), pages 711-717, December.
    • Handle: RePEc:cup:jinsec:v:11:y:2015:i:04:p:711-717_00
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    Cited by:

    1. Kerianne Lawson, 2023. "Using property rights to fight crime: the Khaya Lam project," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 47(2), pages 269-302, June.
    2. Ephraim Kabunda Munshifwa & Wilson Ngoma & Ikugile Makenja, 2017. "Major Determinant of Physical Development on Urban Residential Land: The Case of Kalulushi Municipality in Zambia," International Journal of Social Science Studies, Redfame publishing, vol. 5(6), pages 79-89, June.
    3. Munshifwa, Ephraim Kabunda, 2023. "Institutional analysis and informal urban settlements: A proposition for a new institutionalist grounded property rights perspective," Land Use Policy, Elsevier, vol. 134(C).
    4. Pietri, Antoine, 2015. "« Propriété » ou « possession » : une question de sémantique…ou de paradigme ? [“Property” or “possession”: just a matter of semantics…or paradigm?]," MPRA Paper 67096, University Library of Munich, Germany.
    5. Arruñada, Benito, 2017. "Property as sequential exchange: the forgotten limits of private contract," Journal of Institutional Economics, Cambridge University Press, vol. 13(4), pages 753-783, December.
    6. Pál Czeglédi, 2015. "Are both dimensions of property rights "efficient"?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 12(1), pages 41-69, July.
    7. Butzbach Olivier & Rotondo Gennaro & Desiato Talita, 2020. "Can banks be owned?," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 10(1), pages 1-21, March.
    8. Piano, Ennio E. & Rouanet, Louis, 2020. "Desertion as theft," Journal of Institutional Economics, Cambridge University Press, vol. 16(2), pages 169-183, April.
    9. Leeson, Peter T., 2020. "Logic is a harsh mistress: welfare economics for economists," Journal of Institutional Economics, Cambridge University Press, vol. 16(2), pages 145-150, April.

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