"Professor Pejovich has ranged expertly across such seemingly disparate areas as legal systems, culture, economics and public choice theory to give us a thoroughly convincing roadmap for a nation\'s economic success....

Economics is a matter of choice and growth, of interaction and exchange among individuals. Because property rights define the rules of these interactions and the objects of exchange, it is vital to fully understand the institutions and implications of the various property-rights regimes....

This volume comprises fourteen essays, which identify four areas in which theoretical and empirical developments are discusses for the fuller understanding of personal (as opposed to collective) behavior with economic objectives: rational choice andassociated problems of logic; rationality as explained by game theory; experiments to elucidate ratio...