Description
Book Synopsis: Mention of the American West usually evokes images of rough and tumble cowboys, ranchers, and outlaws. In contrast, The Not So Wild, Wild West casts America's frontier history in a new framework that emphasizes the creation of institutions, both formal and informal, that facilitated cooperation rather than conflict. Rather than describing the frontier as a place where heroes met villains, this book argues that everyday people helped carve out legal institutions that tamed the West.
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.
Details
Are you fascinated by the legendary American West? Do you want to delve into the untold stories of cowboys, ranchers, and outlaws? Look no further than "The Not So Wild, Wild West: Property Rights on the Frontier" from Stanford Economics & Finance. This captivating book will transport you to a new perspective on the frontier, highlighting the creation of institutions that fostered cooperation rather than conflict.
Unlike other books that depict the West as a battleground of heroes versus villains, this groundbreaking work reveals how regular individuals played a vital role in establishing legal systems that tamed the Wild West. Discover the evolution of ownership of resources as they gained value and how property rights were formed with lesser costs. By focusing on local rules developed by those who had a vested interest, the authors argue that these systems were more effective in ensuring harmony and progress.
Prepare to be captivated by the enthralling history of Indians, fur trappers, buffalo hunters, cattle drovers, homesteaders, and miners. Through vivid storytelling, "The Not So Wild, Wild West" brings the past back to life, making you a witness to the courage and struggles of those who braved the frontiers.
But this book not only delves into the past – it also provides valuable insights for our modern world. The final chapter takes the lessons learned from the American frontier and applies them to our current frontiers, such as environmental challenges, developing countries, and even space exploration. Gain a fresh perspective on the pressing issues of today through the lens of history.
Don't miss out on this eye-opening journey through America's frontier history. Grab your copy of "The Not So Wild, Wild West: Property Rights on the Frontier" and discover a new way to view the West's remarkable past and apply it to our future. Click here to order now!
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