Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of … addressed through government contacting and regulation without resort to government ownership. The case for private provision …

over assets and who bears the costs and benefits of those decisions. They assign ownership, wealth, political influence … to land were broadly distributed, Americans could participate in capital markets using land as collateral. This ability …

shifted the allocation of upper-tail human capital. Graduates of Protestant universities increasingly took secular, especially …

cooperation. We show that a judicious allocation of asset ownership can help by reducing the incentives to engage in hold up. In …