Book Review of The Not so Wild, Wild West: Property Rights on the Frontier, by Terry L. Anderson and Peter J. Hill

Stringham, Edward Peter. 2006. “Review of The Not So Wild, Wild West: Property Rights on the Frontier, by Terry L. Anderson and Peter J. Hill.” Faith and Economics, No. 47/48 (Spring/Fall 2006): 133-135.

3 Pages Posted: 11 Mar 2021

Date Written: June 20, 2012

Abstract

This 263-page book is fascinating not only for its vivid account of the history of the American West but also for its economic analysis of the spontaneous emergence of property rights. In Hollywood movies, the center stage belongs to gunslingers who profit through violence. In The Not So Wild, Wild West, however, the center stage belongs to what the authors call institutional entrepreneurs: those who profit by creating property rights and enabling cooperation. The book describes the emergence of property rights and cooperation among Indians and whites, including trappers, cowboys, ranchers, miners, and settlers.

Keywords: Institutional Entrepreneurs, American Frontier, California Gold Rush, Formal Government, Voluntary Joint-Stock Companies

JEL Classification: P26, P48, N00

Suggested Citation

Stringham, Edward Peter, Book Review of The Not so Wild, Wild West: Property Rights on the Frontier, by Terry L. Anderson and Peter J. Hill (June 20, 2012). Stringham, Edward Peter. 2006. “Review of The Not So Wild, Wild West: Property Rights on the Frontier, by Terry L. Anderson and Peter J. Hill.” Faith and Economics, No. 47/48 (Spring/Fall 2006): 133-135., Available at SSRN: https://ssrn.com/abstract=2088210

Edward Peter Stringham (Contact Author)

Trinity College ( email )

Hartford, CT 06106
United States

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