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

Octavian-Dragomir Jora ()
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Octavian-Dragomir Jora: The Bucharest University of Economic Studies

Romanian Journal of Economics, 2016, vol. 42, issue 1(51), 175-192

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.

Keywords: economics; praxeology; cultural climate; property rights; ethics; ideas (search for similar items in EconPapers)
JEL-codes: B13 K30 L82 O34 P48 Z10 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:42:y:2016:i:51:p:175-192

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