The late Harold Demsetz was the leading intellectual force among a strong group of free-market economists associated with the University of California, Los Angeles, who emphasized information and property rights. A pioneering thinker and great writer, he possessed the rare ability to explain economic behavior in ways that had previously eluded the entire profession.
Harold Demsetz: Preferring Reality to Nirvana
By Stan J. Liebowitz, Stephen E. Margolis
This
article
appeared in
the Fall 2019 issue of The Independent Review.
Other Independent Review articles by Stan J. Liebowitz | |
Spring 2011 | Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy |
Spring 2004 | Whats Yours Is Mine: Open Access and the Rise of Infrastructure Socialism |
Other Independent Review articles by Stephen E. Margolis | |
Summer 2006 | Digital Phoenix: Why the Information Economy Collapsed and How It Will Rise Again |
Winter 2001/02 | Only One Place of Redress: African-Americans, Labor Regulations, and the Courts from Reconstruction to the New Deal |