Ethics, Efficiency, Coasian Property Rights, and Psychic Income: A Reply to Demsetz
The Review of Austrian Economics, Vol. 8, No. 2, 1995
65 Pages Posted: 8 Jul 2011
Date Written: July 6, 2011
The purpose of the present article is to continue my part in the debate over property rights in which I have become enmeshed with Harold Demsetz. It all began with the publication of my piece (Block 1977a), which was critical of Coase (1960) and of Demsetz (1966, 1967). The second round consisted of Demsetz (1979), in which he replied to my critique (Block 1977a).
Suggested Citation: Suggested Citation