Monday, January 5, 2009
Dylan Oliver Malagrino (UC Davis) has posted The Application of Communal Theories to Urban Property on SSRN. Here's the abstract:
The advantages of privatized property regimes and common property regimes have been debated in legal and economic discourse for ages. Although private property is prevalent in the developed world, a reading of the available anthropological literature shows that common property regimes still thrive in many parts of the developing world to maintain natural resources and to spread the risk of property ownership. Considering the present U.S. housing crisis and its global effect on world markets, perhaps the developed world should incorporate more communal theories to - what has now become the developed world's scare resource - urban land. In fact, after a close look of the lessons learned from the successful operation of common property regimes in the developing world related to their natural resource systems, we see that the theories are relevant to the understanding of a wide-variety of property regimes used in modern societies such as the United States. Thus, the developed world should embrace a more pluralistic property regime. Why? The elaboration of common property regimes in the West, as in the use of instruments such as land trusts, could lessen the social exclusion from the right to property by making housing more affordable. With affordable housing, we can possibly avoid future housing crises such as the one the West is experiencing today.
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