Economic Development and Property Rights

Svetozar Pejovich

A chapter in Accelerated Development in Southern Africa, 1974, pp 235-242 from Palgrave Macmillan

Abstract: Abstract The idea of economic planning for development dominates both the thinking and practice of almost all underdeveloped countries today. Their leaders seem to identify the annual increment in physical output either with the rate of improvement in social welfare or, as is often the case, with the promise of its improvement in the foreseeable future. Yet it appears that the standard of living and the rate of its improvement in countries which have limited the scope of economic planning to a declaration of their aims and objectives is at least as high as in those countries which have adopted various kinds and degrees of effective administrative planning. The purpose of this paper is to develop a line of reasoning which would suggest that economic development of a community cannot be fully understood without analysis of the effects of property rights structures on the pattern of behaviour of its members.

Keywords: Private Property; Economic Power; Accelerate Development; Contractual Agreement; Ruling Elite (search for similar items in EconPapers)
Date: 1974
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02056-0_16

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349020560

DOI: 10.1007/978-1-349-02056-0_16

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().