The Roles of the State and the Market in Establishing Property Rights
以东欧为例,论证市场制度往往是有效私有产权的前提,而非经济学家通常假设的产权先于市场;法律权利只有在自我执行的市场机制背景下才能生效。
Using the experiences of Eastern Europe as an example, this article argues that, contrary to the economists’ assumption that property rights are a precondition of a market economy, market institutions are often a prerequisite for a viable private property regime. Progress in the development of complex property rights in Eastern Europe, thus, cannot be expected to come primarily from a perfection of the legal system. Instead, it is more likely to arise as a market response to the demand for property rights. Indeed, legal entitlements can only be expected to become effective against a background of self-enforcing market mechanisms.