Article

The Use of Coercion in Society: Insecure Property Rights, Conflict, and Economic Backwardness

Francisco M. Gonzalez

in The Oxford Handbook of the Economics of Peace and Conflict

Published in print April 2012 | ISBN: 9780195392777
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195392777.013.0026

Series: Oxford Handbooks

 The Use of Coercion in Society: Insecure Property Rights, Conflict, and Economic Backwardness

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This article brings conflict theory into the equilibrium analysis of the production and distribution of output. Starting with a static framework and then moving on to a dynamic one, it shows that the absence of centralized enforcement of property rights influences the allocation of resources among productive and unproductive activities and economic growth. The discussion shows that the decentralized use of coercion in society is central to economic backwardness and development.

Keywords: conflict theory; equilibrium analysis; property rights; economic growth; decentralized coercion

Article.  18719 words. 

Subjects: Economics ; Econometrics and Mathematical Economics ; Economic History

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