Here are 100 books that Economic Analysis of Property Rights fans have personally recommended if you like
Economic Analysis of Property Rights.
Shepherd is a community of 10,000+ authors and super readers sharing their favorite books with the world.
Shepherd is reader supported. When you buy books, we may earn an affiliate commission.
I grew up in St. Paul, Minnesota, in a neighborhood that was stable, safe, and stimulating. After my freshman year in college, I signed up for an “urban experience” in Detroit. It turned out to be the summer of the Detroit riots. I woke up to U.S. Army vehicles rumbling into the park across from my apartment. Over the next month, I witnessed the looting and burning of whole neighborhoods. I remember thinking: what a waste! Why are we throwing away neighborhoods like Kleenex? I have been trying to answer that question ever since.
The book that propelled the fight against modernist city planning–think urban renewal or interstate highways–is still a thrill to read 62 years after its publication.
Generating most of her insights by walking the city streets and living in Greenwich Village, Jacobs shows how dense neighborhoods with diverse land uses generate valuable "weak ties" while avoiding the suffocating conformity of small towns.
Jacobs did not just talk the talk; she walked the walk–getting arrested for protesting Robert Moses’ plan to slice a highway through lower Manhattan. Embraced by both libertarians and progressive new urbanists, Jacobs still generates controversy, but you can feel her love for urban neighborhoods on every page.
In this classic text, Jane Jacobs set out to produce an attack on current city planning and rebuilding and to introduce new principles by which these should be governed. The result is one of the most stimulating books on cities ever written.
Throughout the post-war period, planners temperamentally unsympathetic to cities have been let loose on our urban environment. Inspired by the ideals of the Garden City or Le Corbusier's Radiant City, they have dreamt up ambitious projects based on self-contained neighbourhoods, super-blocks, rigid 'scientific' plans and endless acres of grass. Yet they seldom stop to look at what actually…
I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development.
This is the second book that I read about entrepreneurship. It’s also my second favorite book on economics.
Unlike Schumpeter, Kirzner does not assume that entrepreneurship is an unusual activity. Most people are entrepreneurial at some point. Successful entrepreneurship means being alert to profit opportunities that others have not noticed.
The underlying message is that there is such a thing as a free lunch. Kirzner views the market as a process rather than an equilibrium state. It is a superb book for understanding why mainstream neoclassical economics is unrealistic, but it does not address uncertainty.
Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics.
Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more…
I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development.
No author has had a greater impact on my thinking about entrepreneurship than Frank Knight.
He explained that entrepreneurs do not maximize anything, since the future is uncertain in a non-probabilistic sense. Instead they exercise judgment while facing an unknown future.
This book is divided into three parts. The first two parts read like a conventional economics textbook, but the third part is phenomenal. He explains why risk and uncertainty are different, which is a lesson that many economists and other social scientists still disregard.
Risk, Uncertainty, and Profit is a groundbreaking work of economic theory, distinguishing between risk, which is by nature measurable and quantifiable, and uncertainty, which can be neither be measured nor quantified.
We begin with an analysis of the functions of profit, risk and uncertainty in the economy. Frank H. Knight introduces his work with a discussion on profit and how there are conflicts about its nature between various economic theorists. As the title implies, the author's chief concern is the interplay between making a profit, incurring risk, and determining if there is uncertainty.
I have always been curious about why societies develop, which is why I was drawn to the social sciences as a student. I first encountered attempts to explain development in economics, but found that mainstream models were too neat and abstract to account for my everyday observations. Why are there no entrepreneurs in the models, and why do most economists assume that property rights are unambiguous? I eventually discovered that non-mainstream economic theories and some of the other social sciences are more concerned with reality. Eventually I developed an eclectic framework with a focus on entrepreneurship, institutions, and spatial agglomerations as factors that shape socio-economic development.
This is the first book I read about the role of entrepreneurs in the economy. I have mixed feelings about it.
It’s filled with insights but it is also deeply flawed. Entrepreneurs drive economic development and engage in “creative destruction.” The market is about change rather than equilibrium. These are both great insights.
But history has refuted Schumpeter’s Nietzschean view that entrepreneurship is confined to “captains of industry” with unusual personality traits, and his attempts to explain business cycles is unpersuasive.
Joseph Schumpeter (1883-1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan.
The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics…
When I began my doctorate many years ago I was somewhat disenchanted with the static nature of much economic analysis whereas it was apparent that the world is very much dynamic and continually changing. I thus committed myself then, and in a long career that followed, to exploring the ways in which Economics could be used to clarify and address the major issues that arise from innovation generation and diffusion. I present these choices as a way that other like-minded individuals may begin the exploration of innovation and discover the breadth and depth of the contribution that has been made by economists.
This major textbook written for students with some basic knowledge of economics, written by one of the best expositors in the field, provides a comprehensive yet very accessible introduction to the economics of innovation and as such represents an excellent place to start.
I have known Peter for a number of years and he always offers in his writings (and lectures) both valuable insights into his subject and a sense of excitement.
This major textbook provides a comprehensive yet accessible introduction to the economics of innovation, written for students with some basic knowledge of economics. G.M. Peter Swann contends that innovation is one of the most important economic and business phenomena of our time and a topic of great practical and policy interest, with widespread implications for our economy and society. This book engages with the reader to explore some of the key economic issues concerning innovation.
Bridging a gap in the literature, this timely textbook addresses critical questions such as: How should different aspects of innovation be described and classified? What…
When I started teaching a course on the Political Economy of the Environment at the University of Massachusetts Amherst, little had been written that made the connection between environmental quality and economic inequality. Happily, this has changed over the years. The books recommended here mark the rise of a new environmentalism founded upon recognition that our impact on nature is interwoven closely with the nature of our relationships with each other.
Universal property – property that is inalienable, individual, and belongs in equal measure to all – is a game-changing idea whose time is coming.
Introduced alongside conventional (private and state) property, it can serve the twin goals of reducing inequality and protecting the environment.
For example, by treating the biosphere’s limited capacity to recycle carbon emissions as universal property, and charging for use of this resource, we can both protect climate stability and provide universal basic income via climate-protection dividends.
Peter Barnes has been a leading voice for universal property, following in the footsteps of Tom Paine and Henry George. Do yourself a favor: read this thought-provoking book, and share it with your family and friends.
F. Scott Fitzgerald claimed, “there are no second acts in American lives.” But I am on my third. I started out in the theatre, then became a lawyer, and then a political philosopher. What drove each move is that I was always outraged by injustice and wanted to find a better way to fight against it. For me, reading, writing, and teaching political philosophy turned out to be that way. The books on this list provide important lessons on how certain economic policies can cause injustice while others can cure it. Each has been around for a long time, but they are as relevant today as when they were first written.
A series of essays by one of the most respected Canadian political philosophers of the twentieth century.
I have recommended this book for the title essay, which provides a particularly insightful account of how people have thought about economic justice (or haven’t) over time.
In his final book, one of the giants of twentieth-century political philosophy returns to his key themes of state, class, and property as well as such contemporary questions as economic justice, human rights, and the nature of industrial democracy. Macpherson not only re-examines historical issues dealt with in his earlier works, such as the impact of Hobbes's economic assumptions on his political theories, but assesses the problematic future of democracy in a market society. This new edition includes an introduction by Frank Cunningham that places the book in the broader context of Macpherson's work.
Peter T. Leeson is the author of the award-winning The Invisible Hook: The Hidden Economics of Piratesand Anarchy Unbound: Why Self-Governance Works Better than You Think. He is the Duncan Black Professor of Economics and Law at George Mason University. Big Think counted Peter among “Eight of the World’s Top Young Economists.”
A key insight of economics is the power of markets to organize human affairs.The Machinery of Freedom takes that insight to the limit. How might society work if even governmental functions were organized using markets? Friedman’s answer will surprise and challenge you. And whether you come away convinced or not, you will come away with a better understanding of markets.
This book argues for a society organized by voluntary cooperation under institutions of private property and exchange with little, ultimately no, government. It describes how the most fundamental functions of government might be replaced by private institutions, with services such as protecting individual rights and settling disputes provided by private firms in a competitive market. It goes on to use the tools of economic analysis to attempt to show how such institutions could be expected to work, what sort of legal rules they would generate, and under what circumstances they would or would not be stable. The approach is consequentialist.…
To an Atlantic historian like me, the era of revolutions is one of the most dramatic historical periods, which erased many of the structures on which the Atlantic world had been built for centuries. It raised many hopes, which were often defeated, but lasting advances were made nonetheless.
The French revolutionaries not only transformed property, they disentangled it from public power, creating a distinction between a private realm and a public one and between state and society. Blaufarb shows that at stake was much more and much more complex than historians have thought. He argues that without this multiple demarcation, free elections would have been impossible and universal human rights could not have been defined.
What does it mean to own something? What sorts of things can be owned, and what cannot? How does one relinquish ownership? What are the boundaries between private and public property? Over the course of a decade, the French Revolution grappled with these questions. Punctuated by false starts, contingencies, and unexpected results, this process laid the foundations of the Napoleonic Code and modern notions of property.
As Rafe Blaufarb demonstrates in this ambitious work, the French Revolution remade the system of property-holding that had existed in France before 1789. The revolutionary changes aimed at two fundamental goals: the removal of…
I'm a historian of slavery and the Atlantic slave trade who was trained with a PhD in History and a PhD in Art History, and who's interested in how slavery is memorialized in the public space as well as in the visual and material culture of slavery. I was born and raised in Brazil, the country where the largest number of enslaved Africans were introduced in the era of the Atlantic slave trade and that still today is the country with the largest Black population after Nigeria, the most populous African country. I believe that studying the history of the Atlantic slave trade and slavery helps us to remedy the legacies of anti-Black racism today.
Mariana Candido’s book brings to light the importance of land ownership among West Central Africans, by contesting the work of historians who up to here have basically agreed with the claims of European conquerors and colonizers who stated that West Central African land was plentiful and empty, therefore available to be occupied by the newcomers.
Drawing on detailed archival research, the book also us how West Central African men and women acquired and owned land and movable property. Candido brings to light how West Central African communities were consumers of European and Asian goods, and therefore connected to other parts of the world.
The book shows how men and women in Angola accumulated wealth, and also how during the rise of colonialism they were deprived of this wealth.
Exploring the multifaceted history of dispossession, consumption, and inequality in West Central Africa, Mariana P. Candido presents a bold revisionist history of Angola from the sixteenth century until the Berlin Conference of 1884-5. Synthesising disparate strands of scholarship, including the histories of slavery, land tenure, and gender in West Central Africa, Candido makes a significant contribution to ongoing historical debates. She demonstrates how ideas about dominion and land rights eventually came to inform the appropriation and enslavement of free people and their labour. By centring the experiences of West Central Africans, and especially African women, this book challenges dominant historical…
Interested in
economics,
the economy,
and
capitalism?
10,000+ authors have recommended their favorite books and what they love about them.
Browse their picks for the best books about
economics,
the economy,
and
capitalism.
