"Over the past several years, much has been written about property rights in land and natural resources by scholars in many disciplines including economics, political science, history, and law. This book, based on a 2010 Lincoln Institute conference, addresses the tendency in social science literature to oversimplify the concept of property rights by assuming that only two or three forms of property rights are appropriate for the effective use and conservation of resources. Instead it focuses on recent developments in our understanding of how various property systems are applied to and affect the use of scarce natural resources. The chapters explore the multiple aspects of diverse resources in the design and implementation of property rights systems. The volume also includes a foreword by Douglass C. North and a keynote chapter by Thráinn Eggertsson, who discusses issues related to property rights institutions and the environment using six case studies from his native Iceland, where relatively simple and transparent institutions are ideal for identifying social regularities with general applicability. The topics addressed in the other chapters and accompanying commentaries include: the nature and variety of existing property systems; new thinking about the California gold rush; the role of psychological entitlement in property allocation; evolving property regimes governing fisheries; the evolution of zoning; attributes of property regimes governing water resources; the nature of property rights in tradable pollution permits; how regulations sometimes create property; and mechanisms for ameliorating property conflicts that arise from the presence of endangered species on privately owned lands."--Publisher's website.

"A superb book about a topic that should be front and center in the American political debate" ( National Review ), from the acclaimed Harvard scholar and historian of the Russian Revolution An exploration of a wide range of national and political systems to demonstrate persuasively that private ownership has served over the centuries to limit the power of the state and enable democratic institutions to evolve and thrive in the Western world. Beginning with Greece and Rome, where the concept of private property as we understand it first developed, Richard Pipes then shows us how, in the late medieval period, the idea matured with the expansion of commerce and the rise of cities. He contrasts England, a country where property rights and parliamentary government advanced hand-in-hand, with Russia, where restrictions on ownership have for centuries consistently abetted authoritarian regimes; finally he provides reflections on current and future trends in the United States. Property and Freedom is a brilliant contribution to political thought and an essential work on a subject of vital importance.