The idea of workers owning the businesses where they work is not new. In America’s early years, Washington, Adams, Jefferson, and Madison believed that the best economic plan for the Republic was for citizens to have some ownership stake in the land, which was the main form of productive...

In einer Welt zu leben, in der es keinen Staat gibt, ist wohl nur für wenige Menschen vorstellbar oder gar wünschenswert. Unter diesen Wenigen finden sich insbesondere Vertreter des Libertarismus. Aus libertärer Sicht greift der Staat immer in die individuelle Freiheit ein und ist daher...

Frontmatter -- Contents -- Preface -- One. The Next Great Globalization: A Force for Good? -- Part One. Is Financial Globalization Beneficial? -- Two. How Poor Countries Can Get Rich: Strengthening Property Rights and the Financial System -- Three. Financial Development, Economic Growth, and...

This book is selection of author’s articles about China’s reform and development. The earliest article of the anthology was written in 1986 and the latest in 2017. The author studies the changes in property rights and system based on the practical experience of China’s reform. In the first...

Governments and development agencies spend considerable resources building property and company registries to protect property rights. When these efforts succeed, owners feel secure enough to invest in their property and banks are able use it as collateral for credit. Similarly, firms prosper...