Why do Property Rights Matter for Generating Wealth?

One of the main arguments in my book, Beyond the Indian Act: Restoring Aboriginal Property Rights, co-authored with Tom Flanagan and Andre Le Dressay, is that property rights can be a powerful tool for fostering economic development on Canadian Indian Reserves (but in no way is it a panacea nor will it be appropriate for all First Nations). Here’s a very good primer on why and how property rights can generate wealth.  (read the op ed and check out the marginal revolution university video).

Property Rights and Treaties: A Little Bit of Self-Promotion

Here is my co-author and former M.A. Supervisor, Tom Flanagan, talking about our book (cover below) via video conference with Dr. Brady Deaton and his Land Economics class at the University of Guelph.

Speaking of books, my new book on modern treaties is now available for order from University of Toronto Press! You can pre-order the book here but it won’t be ready to ship until March 2013.

 

The Truimph of Property Rights, in China?!

According to the Toronto Star:

“In the middle of an eastern Chinese city’s new main road, rising incongruously from a huge circle in the freshly laid pavement, is a five-storey row house with ragged edges. This is the home of the duck farmer who said “no.”

Luo Baogen and his wife are the lone holdouts from a neighbourhood that was demolished to make way for the main thoroughfare heading to a newly built railway station on the outskirts of the city of Wenling in Zhejiang province.

Dramatic images of Luo’s home have circulated widely online in China this week, becoming the latest symbol of resistance in the frequent standoffs between Chinese homeowners and local officials accused of offering too little compensation to vacate neighbourhoods for major redevelopment projects.”

How long before the Chinese government violates the rule of law and finds a way to evict this couple from their home?