Students should purchase the course text:
Ellickson, Robert C., Carol M. Rose, and Bruce A. Ackerman, eds. Perspectives on Property Law. 3rd ed. New York, 2002, NY: Aspen Publishers. ISBN: 9780735528741.
LEC # | TOPICS | readings |
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1 | Introduction to Property Rights Revolutions Around the Globe |
"Communist Manifesto Ten Plans" Locke, John. Chapter 5 in Second Treatise of Government. 1690. Rousseau, Jean-Jacques. Discourse on the Origin and Foundations of Inequality. 1755. (Excerpt from the Second Discourse.) Marx, Karl. Chapters 32, and 33 in Capital. 1867. Recommended
"Property Rights and Enterprise Reform." Chapter 3 in From Plan To Market. World Bank World Development Report. New York, NY: Oxford University Press, 1996, pp. 44-65. |
2 | The Naturalness and Unnaturalness of Property: How Do Things Become Owned? |
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3 | Commodification: What Properties Can Be Bought and Sold? Guest Speaker: Carol Rose |
Rose, Carol M. "Afterword: Whither Commodification." Working paper, 2004.
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4 | Property Rights Doctrine in Developing Countries: Convergence or Diversity? |
Woodruff, Christopher. "Review of de Soto's The Mystery of the Capital." Journal of Economic Literature XXXIX (2001): 1215-1223. Krueckeberg, Donald A. "The Lessons of John Locke or Hernando de Soto: What if Your Dreams Come True?" Housing Policy Debate 15, no. 1 (2004): 1-24. Schaefer, Peter F. "Comment on Donald A. Krueckeberg's "The Lessons of John Locke or Hernando de Soto: What if Your Dreams Come True?"" Housing Policy Debate 15, no. 1 (2004): 25-37. Recommended
"Legal Institutions and the Role of Law." In From Plan To Market. World Bank World Development Report. New York, NY: Oxford University Press, 1996, pp. 87-97. |
5 | Economic Perspectives of Property Rights |
Coase, Ronald H. "The Problem of Social Cost." Journal of Law and Economic 3 (1960): 1-44.
Recommended Furubotn, Eirik, and Rudolf Richter, eds. "The New Institutional Economics: An Assessment." In The New Institutional Economics. College Station, TX: Texas A&M Press, 1991. Libecap, Gary D. "Analytical Framework." In Contracting for Property Rights. Cambridge, UK and New York, NY: Cambridge University Press, 1989, pp. 10-28. |
6 | Legal Frameworks for a Market Economy: Property Rights or Contracts? |
Merrill, Thomas W., and Henry E. Smith. "What Happened to Property in Law and Economics." The Yale Law Journal 111, no. 2 (2001): 357-398. Cole, D. H., and P. Z. Grossman. "The meaning of property rights: law versus economics?" Land Economics 78, no. 3 (2002): 317-30. Recommended Hohfeld, Wesley Newcomb. Fundamental Legal Conceptions as Applied in Judicial Reasoning. Westport, CT: Greenwood Press, 1919. Parisi, Francesco. "Positive, Normative, and Functional Schools in Law and Economics." European Journal of Law and Economics 18, no. 3 (2004): 259-272. |
7 | Property Rights Without Law: Alternative Institutions |
Posner, Richard A., and Eric B. Rasmusen. "Creating and Enforcing Norms, with special reference to sanctions." International Review of Law and Economics 19 (1999): 369-382. Sanyal, Bishwapriya. "Social Norms and Formal Rules: How they influenced Housing Delivery for the Urban Poor in Developing Countries." Discussion Paper prepared for Lincoln Institute of Land Policy. 2003. Lo, V. I., and X. Tian. "Property Rights, Productivity Gains, and Economic Growth: the Chinese Experience." Post-Communist Economies 14, no. 2 (2002): 245-58. Recommended Braguinsky, Serguey. "Enforcement of Property Rights During the Russian Transition: problems and some approaches to a new liberal solution." Journal of Legal Studies 28 (June 1999). |
8 | Property Rights in Action: Empirical Evidence |
Kim, A. M. "A market without the 'right' property rights: Ho Chi Minh City, Vietnam's newly-emerged private real estate market." Economics of Transition 12, no. 2 (2004): 275-305. Leaf, Michael. "Legal Authority in an Extralegal Setting: The Case of Land Rights in Jakarta, Indonesia." Journal of Planning Education and Research 14 (1994): 12-18. Field, Erica. "Property Rights and Household Time Allocation in Urban Squatter Communities: Evidence from Peru." 2003. Abstract. (PDF) |
9 | Property Rights As a Social Construction: Why and How Do They Change? |
Kim, A. M. "North versus South: the reformation of property rights in Hanoi and Ho Chi Minh City Vietnam." Working paper, 2005. Granovetter, Mark. "Economic Action and Social Structure: The Problem of Embeddedness." The American Journal of Sociology 91 (November 1985): 481-510
Merrill, Thomas W. "Introduction: the Demsetz Thesis and the Evolution of Property Rights." Journal of Legal Studies 31, no. 2 (2002): 331-39. Ellickson, Robert. "A Critique of Economic and Sociological Theories of Social Control." Journal of Legal Studies 16, no. 1 (1987): 67-99. Recommended Krueckeberg, Donald A. "Private Property in Africa: Creation Stories of Economy, State, and Culture." Journal of Planning Education and Research 19, no. 2 (Winter 1999). |
10 | The Tragedy and the Comedy of the Commons: Individual Private Ownership Versus Other Forms |
Recommended Heller, Michael A. "The Tragedy of the Anticommons: Property in the Transition from Marx to Market." Harvard Law Review 111, no. 3 (1998): 621-688. |
11 | The Politics and Social Conflict Over Property Rights |
Krueckeberg, Donald A. "The Difficult Character of Property: to whom do things belong?" American Planning Association Journal (Summer 1995): 301-309. Jacobs, Harvey M. "The Politics of Property Rights at the national Level: Signals and trends." American Planning Association Journal 69, no. 2 (Spring 2003): 181-189.
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12 | Takings and Givings |
Krueckeberg, Donald. "Property for Everyone and How to Achieve It: The Resident's Property Tax." Journal of Planning Education and Research 18 (1998): 171-175. |