While Blackstone may famously have described private property as "that sole and despotic dominion which one man claims and exercises over the external things of the world," the truth is that the publi
China's rural industrial sector has been the engine driving much of the Chinese economy's dynamism during the reform period. The nature and development of this sector, also referred to as township and village enterprises (TVEs) defy easy explanation. Across regions, there is dramatic variation in property rights among TVEs, ranging from local government ownership to outright private ownership. This book focuses on China's rural industries, offering a theoretical framework to explain institutional change. Susan Whiting explores the complex interactions of individuals, institutions and the broader political economy to examine variation and change in property rights and extractive institutions in China's rural industrial sector. Whiting explains why public ownership predominated during the early years of reform and why privatization is now taking place. This book will be of interest not only to those studying Chinese economic development and reform but also to scholars and students of com
China's rural industrial sector has been the engine driving much of the Chinese economy's dynamism during the reform period. The nature and development of this sector, also referred to as township and village enterprises (TVEs) defy easy explanation. Across regions, there is dramatic variation in property rights among TVEs, ranging from local government ownership to outright private ownership. This book focuses on China's rural industries, offering a theoretical framework to explain institutional change. Susan Whiting explores the complex interactions of individuals, institutions and the broader political economy to examine variation and change in property rights and extractive institutions in China's rural industrial sector. Whiting explains why public ownership predominated during the early years of reform and why privatization is now taking place. This book will be of interest not only to those studying Chinese economic development and reform but also to scholars and students of com
This collection of original essays by economists, biologists and political scientists has a common theme: that protecting species at risk while safeguarding social order is a policy challenge that entangles biology, politics, and economics. Nearly 1200 species are listed as endangered or threatened under the Endangered Species Act (ESA) of 1973; only twelve have been removed from the list. Attempts at species recovery on public and private property lead the authors to examine the political realities that define the debate: who should pay the costs and receive the benefits, and how interest group behaviour affects the nature of endangered species protection. Although the ESA directs administrative agencies to list and protect species following scientific priorities, the collection addresses the economic choices that still must be confronted. These range from the protection potential of private markets to the design of incentive schemes to encourage conservation by private landowners.
This collection of original essays by economists, biologists and political scientists has a common theme: that protecting species at risk while safeguarding social order is a policy challenge that entangles biology, politics, and economics. Nearly 1200 species are listed as endangered or threatened under the Endangered Species Act (ESA) of 1973; only twelve have been removed from the list. Attempts at species recovery on public and private property lead the authors to examine the political realities that define the debate: who should pay the costs and receive the benefits, and how interest group behaviour affects the nature of endangered species protection. Although the ESA directs administrative agencies to list and protect species following scientific priorities, the collection addresses the economic choices that still must be confronted. These range from the protection potential of private markets to the design of incentive schemes to encourage conservation by private landowners.
