Property Rights in an Entangled Political Economy

Novak Mikayla ()
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Novak Mikayla: School of Economics, Finance and Marketing, RMIT University College of Business, Melbourne, Australia

Journal des Economistes et des Etudes Humaines, 2018, vol. 24, issue 1, 10

Abstract: This paper outlines key applications of property rights theory from the standpoint of ‘entangled political economy,’ which conceptualises economic and political agents interacting within society. The entangled political economy framework stresses that property rights denote relationships between societal members, and that property rights are the subject of evolutionary change. The nature and role of property rights in an entangled political economy reinforces the ‘bundle of rights’ perspective, challenging notions of property rights that emphasise the primacy of ownership. Far from necessarily imperilling the integrity of a market-based economic order, the bundle orientation inherent in entangled political economy can accommodate extensive market activities grounded in robust property right protections.

Keywords: property rights; entangled political economy; constitutions (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1515/jeeh-2016-0016

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