As weather patterns across the globe change in response to global warming, we should expect more strain on existing institutions. This paper demonstrates how weather risk induces farmers into a risk-pooling equilibrium whereby private property rights are voluntarily relinquished. We find that as the ...
The underlying idea of the "Charter of Labor" is the State's undisputed right directly to control all forces of production, acting as the guardian of both capital and labor, establishing equality of rights and duties between them, compelling them to carry out their tasks for the common good,...
In the middle part of the nineteenth century, male state legislators passed a series of laws that endowed married women with the rights to own and control property, rights formerly held solely by their husbands. While these laws seem contrary to the collective economic interests of men, they ...