Private Property

Time preference, one of the fundamental concepts of economics, is the ratio between the present values of present and future goods. Mises (1949) holds that time preference is the only reason 

To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature. 

oth the establishment of property rights and their violation spring from actions: acts of appropriation and expropriation. However, in addition to a physical appearance, actions also have an internal, subjective aspect. 

Changes in ownership titles are essential to understanding competitive dynamics and, more broadly, the market process. There is ample evidence that a crucial source of productivity growth,

This book is a thorough, lively, and almost encyclopedic defense of private-property rights.  In this benighted age, there are not too many of those around.

Court decisions and legislation have a profound impact on the economy because they define and modify property rights. Economists have therefore always been interested in analyzing this impact.

In the pages of an obscure book first published in 1722, there lurks one of the finest essays on property rights ever penned.

The recent widely cited National Agricultural Lands Study (NALS) adds to the growing number of individuals and organizations holding the view that

Illegal activities in the private sector arise because the market mechanism is not allowed to perform its allocative functions.

The central ideas of contemporary libertarianism have taken many centuries to evolve.