Nationbuilding 101: Property, Liberty, and Corporate Governance

Lee Reed

No 528, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: Nationbuilders in less developed countries need to understand how Western legal systems with "property" at their center have materially accounted for Western prosperity and liberty, but legal definitions of property are so abstruse that explication of this vital concept is made difficult. This paper finds an historical definitional essence to property in the right to exclude and maintains that liberty and property both share this essential meaning. The problems of corporate governance are then placed in the context of the exclusionary concept of property/liberty.

Keywords: property; property rights; development and property; liberty; and corporate governance (search for similar items in EconPapers)
Pages: 59 pages
Date: 2003-01-01
New Economics Papers: this item is included in nep-hpe and nep-law
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