Subject: ASET Book Club Event - August 2009
Thursday, August 27
The Not So Wild, Wild West: Property Rights on the Frontier
5:45 p.m. - 7:15 p.m.
RSVP by Friday, August 23
The authors emphasize that ownership of resources evolves as those resources become more valuable or as establishing property rights becomes less costly. Rules evolving at the local level will be more effective because local people have a greater stake in the outcome. This theory is brought to life in the colorful history of Indians, fur trappers, buffalo hunters, cattle drovers, homesteaders, and miners. The book concludes with a chapter that takes lessons from the American frontier and applies them to our modern "frontiers"-the environment, developing countries, and space exploration.
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