Politics and Property Rights: The Closing of the Open Range in the Postbellum South (Studies in Law and Economics) - Tapa dura

Kantor, Shawn Everett

 
9780226423753: Politics and Property Rights: The Closing of the Open Range in the Postbellum South (Studies in Law and Economics)
Tapa dura
ISBN 10: 0226423751 ISBN 13: 9780226423753
Editorial: University of Chicago Press, 1998

Sinopsis

After the American Civil War, agricultural reformers in the South called for an end to unrestricted grazing of livestock on unfenced land. They advocated the stock law, which required livestock owners to fence in their animals, arguing that the existing system (in which farmers built protective fences around crops) was outdated and inhibited economic growth. The reformers steadily won their battles, and by the end of the century the range was on the way to being closed. In this study Shawn Kantor uses economic analysis to assert that contrary to traditional historical interpretation, this conflict was centered on anticipated benefits from fencing livestock rather than on class, cultural or ideological differences. The text seeks to show that the stock law brought economic benefits; and at the same time analyzes why the law's adoption was hindered in many areas where it would have increased wealth. Kantor's argument illuminates the dynamics of real-world institutional change, where transactions are often costly and where some inefficient institutions persist while others give way to economic growth.

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Reseña del editor

After the American Civil War, agricultural reformers in the South called for an end to unrestricted grazing of livestock on unfenced land. They advocated the stock law, which required livestock owners to fence in their animals, arguing that the existing system (in which farmers built protective fences around crops) was outdated and inhibited economic growth. The reformers steadily won their battles, and by the end of the century the range was on the way to being closed. In this study Shawn Kantor uses economic analysis to assert that contrary to traditional historical interpretation, this conflict was centered on anticipated benefits from fencing livestock rather than on class, cultural or ideological differences. The text seeks to show that the stock law brought economic benefits; and at the same time analyzes why the law's adoption was hindered in many areas where it would have increased wealth. Kantor's argument illuminates the dynamics of real-world institutional change, where transactions are often costly and where some inefficient institutions persist while others give way to economic growth.

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Editorial
University of Chicago Press
Año de publicación
1998
Idioma
Inglés
ISBN 10 
0226423751
ISBN 13 
9780226423753
Encuadernación
Tapa dura
Número de páginas
198
Contacto del fabricante
no disponible
Persona responsable
no disponible

Otras ediciones populares con el mismo título

9780226423777: Politics and Property Rights: The Closing of the Open Range in the Postbellum South (Studies in Law and Economics)

Edición Destacada

ISBN 10:  0226423778 ISBN 13:  9780226423777
Editorial: University of Chicago Press, 1998
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