We argue that the system of seigneurial tenure used in the province of Quebec until the mid-nineteenth centurya system which allowed significant market power in the establishment of plants, factories and mills, combined with restrictions on the mobility of the labor force within each seigneurial...

The inefficiencies of common property fisheries are well-known to economists. To avoid over-exploitation, they propose multiple forms of government solution such as taxes, quotas and the enforcement of property rights regimes designed to avoid over-harvesting. But can efficient arrangements also...

The central contribution to economic science by Friedrich Hayek, co-winner of the 1974 Nobel in economics, is his theoretical understanding of how prices coordinate human decision-making by condensing and communicating the vast knowledge disseminated throughout society (Hayek 1945). Hayek's...