The Fall and Rise of Functional Property
University of Minnesota - Law School; University of Bologna
November 17, 2005
George Mason Law & Economics Research Paper No. 05-38
In spite of its stability as a fundamental institution of human society, the concept of property and the privileges, obligations, and restrictions that govern ownership have undergone substantial change throughout history. In this essay, I consider the main stages in the evolution of property and discuss some of the important structural variations of the legal and social conceptions of property. The comparative and historical study of the institution of property reveals a close relationship between the structure of an economic system and the structure and content of property rights.
Number of Pages in PDF File: 32
Keywords: structure of property, origins of property, functional property, spatial property
JEL Classification: K10, K11, K19, D62, D70
Date posted: November 18, 2005
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