Past Events
November 2019
Shelby Grossman: The Politics of Order in Informal Markets
5:00pm, November 7th, 2019
King’s Building K0.19
Property rights are important for economic exchange, but in much of the world they are not publicly guaranteed. Private market associations can fill this gap by providing an institutional structure to enforce agreements, but with this power comes the ability to extort from group members. Under what circumstances do private associations provide a stable environment for economic activity?