Political Property Rights and Entangled Political Economy

20 Pages Posted: 1 Nov 2018

See all articles by Alexander William Salter

Alexander William Salter

Texas Tech University - Rawls College of Business; American Institute for Economic Research

Date Written: October 9, 2018

Abstract

I contribute to the theory of entangled political economy by showing how entanglement can be characterized in terms of political property rights. A political property right grants its holder a share of decision-making power in a specific context, as well as specifies to whom the costs and benefits from those decisions accrue. Because entangled political economy focuses on the complex relationships that exist between market and political enterprises, theorizing about these relationships as exchanges of political property rights can give us meaningful information about what entanglement is, when it exists, and how it can be expected to develop. I briefly survey the theory of political property rights, show how political property rights within a broader entanglement perspective helps understand constitutions, and discuss several applications of political property rights that can advance entangled political economy scholarship.

Keywords: constitutional political economy, entangled political economy, political property rights, public choice

JEL Classification: H11, P14, P16

Suggested Citation

Salter, Alexander William, Political Property Rights and Entangled Political Economy (October 9, 2018). Available at SSRN: https://ssrn.com/abstract=3263751 or http://dx.doi.org/10.2139/ssrn.3263751

Alexander William Salter (Contact Author)

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

HOME PAGE: http://awsalter.com

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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