Property economics

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In November 2003, six authors convened at the University of Bremen for an International Symposium to explore alternative perspectives on property, challenging mainstream theories of property rights. The participants included Tom Bethell, Gunnar Heinsohn, Richard Pipes, Hernando de Soto, Hans-Joachim Stadermann, and Otto Steiger, whose ideas were further examined by property experts from five nations. This edition compiles 19 papers that reflect their discussions. The contents include Otto Steiger's insights on property rights and the economy, followed by analyses of the property theories of Bethell, Pipes, and de Soto, and the implications of Heinsohn's approach to development. Other contributions address the relationship between property, state power, and economic institutions, exploring topics such as Russian patrimonialism, the reasons behind global development disparities, and the concepts of dead and fluid capital. Further discussions delve into the role of collateral in capital, the guidance of property in monetary policy, and the origins of market systems. The interplay between property and various fields is also examined, including liquidity crises in emerging economies, philosophical aspects of property theory, and the distinction between moral standards and ethics. The collection concludes with a focus on property in relation to mineral resources and the potential for paradigm shifts in economic thought.