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The Property Economics and the Benchmark Culture of Common Sense: On Markets for Ideas, Ideals, and Ideologies

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  • Octavian-Dragomir JORA

    (The Bucharest University of Economic Studies)

Abstract

The very word “culture”, as well as its twin, “civilization”, is one of the richest with respect to both significations and assorted definitions. Common in defining culture is to observe both its immaterial and material dimensions, meaning both the sharing and bonding values and ideas, on one hand, and the artefacts embodying them and resources involved in their making, on the other. There is a multiple relation between the world of ideas, which is disciplined by logical soundness, and the world of things, which is disciplined by property rights. And the interplay of ideas / ideals / ideologies and property rights is a critical one. The capacity of a culture to deliver peace and prosperity heavily depends on the measure in which public space is impregnated with the logic of private property, the mark of common sense. A condensed view of the Romanian realities will round up the principled argument.

Suggested Citation

  • Octavian-Dragomir JORA, 2016. "The Property Economics and the Benchmark Culture of Common Sense: On Markets for Ideas, Ideals, and Ideologies," Romanian Journal of Economics, Institute of National Economy, vol. 42(1(51)), pages 175-192, june.
    • Handle: RePEc:ine:journl:v:42:y:2016:i:51:p:175-192
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    References listed on IDEAS

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    More about this item

    Keywords

    economics; praxeology; cultural climate; property rights; ethics; ideas;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • K30 - Law and Economics - - Other Substantive Areas of Law - - - General
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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