Property Rights in an Entangled Political Economy

Novak, M 2018, 'Property Rights in an Entangled Political Economy', Journal des Economistes et des Etudes Humaines, vol. 24, no. 1, pp. 1-10.

Document type: Journal Article
Collection: Journal Articles

Title Property Rights in an Entangled Political Economy
Author(s) Novak, M
Year 2018
Journal name Journal des Economistes et des Etudes Humaines
Volume number 24
Issue number 1
Start page 1
End page 10
Total pages 10
Publisher De Gruyter
Abstract This paper outlines key applications of property rights theory from the standpoint of 'entangled political economy,' which conceptualises economic and political agents interacting within society. The entangled political economy framework stresses that property rights denote relationships between societal members, and that property rights are the subject of evolutionary change. The nature and role of property rights in an entangled political economy reinforces the 'bundle of rights' perspective, challenging notions of property rights that emphasise the primacy of ownership. Far from necessarily imperilling the integrity of a market-based economic order, the bundle orientation inherent in entangled political economy can accommodate extensive market activities grounded in robust property right protections.
Subject Heterodox Economics
Keyword(s) constitutions
entangled political economy
property rights
DOI - identifier 10.1515/jeeh-2016-0016
Copyright notice © Walter de Gruyter GmbH, Berlin/Boston 2018.
ISSN 1145-6396
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