Economic Analysis of Law and Public Choice (Part 5)


Economic Analysis of Law and Public Choice (Part 4)

24 de julio de 1995   | Vistas: 526 |  

About this video

In this lecture Dr. Michael Krauss continues the economic analysis of law and public choice. Using the example of a simplified society and fishing, he explains that production is not efficient when property rules are absent or when they are based on communal property. Production problems are solved, however, by private property rights. Krauss describes the different types of property rights based on the categories: who may own, how may it be used, and how may it be transferred. He uses examples, including voting rights, jury duty, the military draft, and organ transplants, to illustrate inalienability rules.


Economic Analysis of Law and Public Choice (Part 4)
Dr. Michael Krauss

Universidad Francisco Marroquín
Guatemala, July 24, 1995

A New Media - UFM production. Guatemala, January 2009
Conversion and digital editing: Mynor de León; index and synopsis: Christiaan Ketelaar; content revisers: Daphne Ortiz, Jennifer Keller; publication: Mario Pivaral / Carlos Petz

Michael Krauss is a professor of law at George Mason University and has also taught at Seattle University, University of…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín