Vol. 2 No. 4
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Harold Demsetz’s “Toward a Theory of Property Rights,” American Economic Review (May 1967, reprinted in Eirik G. Furobotn and Svetozar Pejovich, eds., The Economics of Property Rights, 1974) is a major contribution to the economists’ approach to property rights. In his essay, Demsetz drew on important historical and anthropological information to illuminate the development of property rights among native Americans. What is important here is a talented economist’s sensitive use of this historical material. Demsetz applies the research of scholars concerned with seventeenth‐​century, eastern‐​Canadian Indian societies to describe the Indians’ recognition of property rights in the animals hunted for the fur trade. Drawing on some of the same historical sources which John Locke had earlier used in the seventeenth century to formulate his own understanding of property rights—French Missionary reports on Indian societies, such as the Jesuit Relations—historians have been able to describe the nature of property rights among the different tribes of native Americans…

Table of Contents

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Editorial: John Locke and the Example of Native America

By Leonard P. Liggio
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Property Rights and Natural Resource Management (Bibliographical Essay)

By Richard Stroup and John Baden
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Market Protection of Property Rights

By Literature of Liberty Reviewer
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U.S. Foreign Policy and Latin America

By Literature of Liberty Reviewer
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Reform, Progressives, and Empire

By Literature of Liberty Reviewer
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Imperialism and War Technology

By Literature of Liberty Reviewer
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Atomic Warfare and Human Suffering

By Literature of Liberty Reviewer
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Corporations: A Contractual Paradigm

By Literature of Liberty Reviewer
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O’Connell, Anti‐​Slavery, and Freedom

By Literature of Liberty Reviewer
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Ideology and Classes

By Literature of Liberty Reviewer