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« Propriété » ou « possession » : une question de sémantique…ou de paradigme ?
[“Property” or “possession”: just a matter of semantics…or paradigm?]

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  • Pietri, Antoine

Abstract

This paper deals with the debate between “property” and “possession”, hosted by the Journal of Institutional Economics since early 2015. According to Hodgson, economists conflate these two terms involving important consequences on the discernment of the analysis and on the general scope of the economics of property rights. In the same journal, Allen and Barzel only concede semantics significance to the Hodgson’s critics. We analyze the whys and wherefores of this debate and discuss its paradigmatic dimension.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:67096
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    References listed on IDEAS

    as
    1. Hart, Oliver & Moore, John, 1990. "Property Rights and the Nature of the Firm," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
    2. Demsetz,Harold, 2012. "From Economic Man to Economic System," Cambridge Books, Cambridge University Press, number 9781107640856, September.
    3. Mehrdad Vahabi, 2016. "A positive theory of the predatory state," Public Choice, Springer, vol. 168(3), pages 153-175, September.
    4. Mehrdad Vahabi, 2011. "Appropriation, violent enforcement, and transaction costs: a critical survey," Public Choice, Springer, vol. 147(1), pages 227-253, April.
    5. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    6. Daniel H. Cole & Peter Z. Grossman, 2002. "The Meaning of Property Rights: Law versus Economics?," Land Economics, University of Wisconsin Press, vol. 78(3), pages 317-330.
    7. Barzel,Yoram, 1997. "Economic Analysis of Property Rights," Cambridge Books, Cambridge University Press, number 9780521597135, February.
    8. Vahabi,Mehrdad, 2019. "The Political Economy of Predation," Cambridge Books, Cambridge University Press, number 9781107591370, September.
    9. Foss, Kirsten & Foss, Nicolai, 2015. "Coasian and modern property rights economics," Journal of Institutional Economics, Cambridge University Press, vol. 11(2), pages 391-411, June.
    10. Umbeck, John, 1981. "Might Makes Rights: A Theory of the Formation and Initial Distribution of Property Rights," Economic Inquiry, Western Economic Association International, vol. 19(1), pages 38-59, January.
    11. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    12. Allen, Douglas W., 2015. "On Hodgson on property rights," Journal of Institutional Economics, Cambridge University Press, vol. 11(4), pages 711-717, December.
    13. Barzel, Yoram, 1977. "An Economic Analysis of Slavery," Journal of Law and Economics, University of Chicago Press, vol. 20(1), pages 87-110, April.
    14. Otto Steiger, 2006. "Property Economics versus New Institutional Economics: Alternative Foundations of How to Trigger Economic Development," Journal of Economic Issues, Taylor & Francis Journals, vol. 40(1), pages 183-208, March.
    15. Pierre Garrouste, 2004. "The new property rights theory of the firm," Post-Print halshs-00274506, HAL.
    16. Cheung, Steven N S, 1969. "Transaction Costs, Risk Aversion, and the Choice of Contractual Arrangements," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 23-42, April.
    17. Alchian, Armen A. & Demsetz, Harold, 1973. "The Property Right Paradigm," The Journal of Economic History, Cambridge University Press, vol. 33(1), pages 16-27, March.
    18. Simon Deakin & David Gindis & Geoffrey M. Hodgson & Kainan Huang & Katharina Pistor, 2015. "Legal Institutionalism: Capitalism & the Constitutive Role of Law," Working Papers wp468, Centre for Business Research, University of Cambridge.
    19. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
    20. Hodgson, Geoffrey M., 2013. "Editorial introduction to ‘Ownership’ by A. M. Honoré (1961)," Journal of Institutional Economics, Cambridge University Press, vol. 9(2), pages 223-255, June.
    21. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-1162, December.
    22. James Konow, 2014. "Coercion and Consent," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 170(1), pages 49-74, March.
    23. Geoffrey Hodgson, 2009. "On the Institutional Foundations of Law: The Insufficiency of Custom and Private Ordering," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(1), pages 143-166.
    24. Hoffmann, Sabine, 2013. "Property, possession and natural resource management: towards a conceptual clarification," Journal of Institutional Economics, Cambridge University Press, vol. 9(1), pages 39-60, March.
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    More about this item

    Keywords

    Droits de propriété; Hodgson; Possession; Propriété.;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights

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