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Cited by 1,398

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

The Property Right Paradigm

Alchian, Armen A., Demsetz, Harold·1973·The Journal of Economic History

Abstract

Economics textbooks invariably describe the important economic choices that all societies must make by the following three questions: What goods are to be produced? How are these goods to be produced? Who is to get what is produced? This way of stating social choice problems is misleading. Economic organizations necessarily do resolve these issues in one fashion or another, but even the most centralized societies do not and cannot specify the answer to these questions in advance and in detail. It is more useful and nearer to the truth to view a social system as relying on techniques, rules, or customs to resolve conflicts that arise in the use of scarce resources rather than imagining that societies specify the particular uses to which resources will be put.

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Metadata

Authors
Alchian, A. A., & Demsetz, H.
Venue
The Journal of Economic History
Published
1973-03
Volume
33
Issue
1
Pages
16-27
ISSN
  • 0022-0507 (ISSN-L)
  • 1471-6372
OpenAlex
W2024216388
Cited by
1,398
References
1
FWCI
2.13
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Property Right Paradigm. https://app.cochat.ai/papers/10.1017/s0022050700076403
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Alchian, A. A., & Demsetz, H. (1973). The Property Right Paradigm. The Journal of Economic History. https://doi.org/10.1017/s0022050700076403

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.