Property and Contract in Their Relations to the Distribution of Wealth

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Property and Contract in Their Relations to the Distribution of Wealth is a foundational early-20th-century treatise in institutional economics that analyzes how legal concepts of property and contract shape the distribution of income and wealth in society.

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Statements (49)

Predicate Object
instanceOf book ⓘ
treatise ⓘ
work of institutional economics ⓘ
academicDiscipline economics ⓘ
institutional economics ⓘ
law and economics ⓘ
analyzes legal concept of contract ⓘ
legal concept of property ⓘ
role of the state in defining property rights ⓘ
role of the state in enforcing contracts ⓘ
argues contract freedom is limited by social policy ⓘ
distribution of wealth depends on legal rules ⓘ
property and contract are social institutions ⓘ
property rights are historically contingent ⓘ
author Richard T. Ely ⓘ
Richard T. Ely ⓘ
surface form: Richard Theodore Ely
countryOfOrigin United States of America ⓘ
surface form: United States
critiques laissez-faire concept of absolute property rights ⓘ
purely individualistic view of contract ⓘ
describes how contract law influences bargaining power ⓘ
how legal rules shape income distribution ⓘ
how property rights affect wealth distribution ⓘ
focusesOn institutional structure of the economy ⓘ
interaction between law and economic outcomes ⓘ
social consequences of legal doctrines ⓘ
historicalContext Progressive Era ⓘ
surface form: Progressive Era in the United States
influencedDiscipline economic sociology ⓘ
institutional economics ⓘ
law and economics ⓘ
intendedAudience economists ⓘ
legal scholars ⓘ
policy makers ⓘ
language English ⓘ
mainSubject contract law ⓘ
distribution of income ⓘ
distribution of wealth ⓘ
economic institutions ⓘ
legal foundations of capitalism ⓘ
property rights ⓘ
social control of property ⓘ
periodDescribed early 20th century capitalism ⓘ
publicationCentury 20th century ⓘ
relatedWorkOfAuthor Outlines of Economics ⓘ
Studies in the Evolution of Industrial Society ⓘ
supports greater social control over property ⓘ
reform of legal institutions to improve distribution ⓘ
theoreticalApproach historical ⓘ
institutionalist ⓘ
legal-economic analysis ⓘ

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Richard T. Ely → notableWork → Property and Contract in Their Relations to the Distribution of Wealth ⓘ