Download The Not So Wild, Wild West: Property Rights on the Frontier (Stanford Economics Finance) ePub

Mention of the American West usually evokes images of rough and tumble cowboys, ranchers, and outlaws. In contrast, The Not So Wild, Wild West casts America's frontier history in a new framework that emphasizes the creation of institutions, both formal and informal, that facilitated cooperation rather than conflict. Rather than describing the frontier as a place where heroes met villains, this book argues that everyday people helped carve out legal institutions that tamed the West. The authors emphasize that ownership of resources evolves as those resources become more valuable or as establishing property rights becomes less costly. Rules evolving at the local level will be more effective because local people have a greater stake in the outcome. This theory is brought to life in the colorful history of Indians, fur trappers, buffalo hunters, cattle drovers, homesteaders, and miners. The book concludes with a chapter that takes lessons from the American frontier and applies them to our modern "frontiers"―the environment, developing countries, and space exploration.

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This book by Terry Anderson and P. J. Hill is a study of. the emergence of rules and property rights in the parts of. .1 Anderson and Hill write, The lesson we should learn. from the ‘not so wild, wild West’ is that secure and transferable property

This book by Terry Anderson and P. the emergence of rules and property rights in the parts of the American. from the ‘not so wild, wild West’ is that secure and transferable property. rights may not be easy to develop, but they are a necessity for supplanting. conicts with cooperation (p. 212). The emergence of property rights.

Terry L. Anderson is Executive Director of PERC, the Center for Free Market Environmentalism; Senior Fellow at the Hoover Institution, Stanford University; and Professor Emeritus at Montana State University. He has published 28 books. P. Hill is Professor of Economics at Wheaton College, Illinois, and a PERC Senior Associate. This is his eleventh book. Hollywood will never be able to top this portrayal of the history of the West in the . The history that Anderson and Hill depict is the current situation of the majority of entrepreneurs in developing and former Soviet countries.

This article expands Harold Demsetz's seminal work on property rights by arguing that property rights entrepreneurs discover previously unowned or unpriced attributes of a resource and capture rents by defining and enforcing rights to those attributes. To keep the rents from these new uses from being dissipated in the tragedy of the commons, the entrepreneur must contract to exclude others from. the value of his perception. We describe specific and general contracting and use the frontier of the American West to illustrate the two.

by Peter J. Hill and Terry L. Anderson . Anderson and Hill recognize from the start that many people use systems of property rights to benefit themselves at the expense of others. This "rent-seeking" often involves messing with the market, and harms society as a whole. Their love of the great outdoors and of their native state of Montana shows through and through in this beautiful tome.

Anderson, Terry Lee, 1946-. Varying Form of Title: Property rights on the frontier. Publication, Distribution, et. Stanford, Calif. Stanford Economics and Finance, (c)2004. Heros, villains, and real cowboys The institutions that tamed the West Property rights in Indian country Might takes rights in Indian country Soft gold : traders, trappers, and hunters There's property rights in them thar hills Wagon train governments Cowboys and contracts Home on the range Making the desert bloom New frontiers. Geographic Name: West (. Economic conditions.

Target/Movies, Music & Books/Books/All Book Genres/Business & Law Books‎. product description page. The Not So Wild, Wild West - (Stanford Economics & Finance) by Terry L Anderson & Peter J Hill.

His book, with Peter J. Hill, The Not So Wild, Wild West: Property Rights on the Frontier (Stanford . Hill, The Not So Wild, Wild West: Property Rights on the Frontier (Stanford University Press), was awarded the 2005 Sir Antony Fisher International Memorial Award.

The Not So Wild, Wild West: Property Rights on the Frontier. Anderson, Terry . and Peter J. Hill: Palo Alto, CA: Stanford University Press, 256 p. Publication Date: April 2004. Roger L. Nichols University of Arizona, USA. Page 14 Published online: 23 Jul 2012.

Manufacturer: Stanford Economics and Finance Release date: 4 May 2004 ISBN-10 : 0804748543 ISBN-13: 9780804748544.