What is it about?
Property rights are not only transferred in markets, they are also created and eventually terminated, so this paper goes into the market mechanism for the appropriation of the ownership of new assets or of the liability for used-up or consumed assets.
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Why is it important?
The whole dimension of how property rights are first established or finally terminated in ordinary production is wholly missing from the economics literature.
Perspectives
This is a paper the focuses on the market mechanism of appropriation, who owns and who owes what, in ordinary production.
David Ellerman
School of Social Science, University of Ljubljana, Slovenia
Read the Original
This page is a summary of: The Market Mechanism of Appropriation, Journal des Economistes et des Etudes Humaines, January 2004, De Gruyter,
DOI: 10.2202/1145-6396.1125.
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