Abstract
The introductory chapter presents a broader picture of the book, highlighting the research gap that has been the motivation to write a new volume on the subject. In so doing, the chapter brings various perspectives to emphasize the importance of an economic analysis of property rights. The basic motivation lies in the fact that the existing literature of property rights mostly focuses on advanced or developed economies, whereas the perspective of underdeveloped and developing economies is equally, if not more, important for changing their economic well-being. In addition, the chapter sets the basic questions that the book intends to address and the analytical procedures through which these questions have been answered.
The right to life is the source of all rights—and the right to property is their only implementation. Without property rights , no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life.
(Ayan Rand 1964, p. 90)
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Notes
- 1.
Amount represents 1990 international dollars. Asia constitutes countries excluding Japan; Western Offshoots comprise Canada, the United States of America, New Zealand, and Australia.
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Miah, M.D., Suzuki, Y. (2018). Introduction. In: Power, Property Rights, and Economic Development. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-13-2763-6_1
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DOI: https://doi.org/10.1007/978-981-13-2763-6_1
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