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The purpose of the present article is to continue my part in the debate over property rights in which I have become enmeshed with Harold Demsetz. It all began with the publication of my piece (Block 1977a), which was critical of Coase (1960) and of Demsetz (1966, 1967). The second round...
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Professor Harold Demsetz and I have been involved in an intellectual dispute which has taken place over several years. I can hardly have a better debating partner. He is easily amongst the half dozen or so most eminent economists who has not (yet) won the Nobel Prize in this discipline. To say...
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