One of the most important challenges faced by many developing countries in the past couple of decades has again been the problem of implementing property rights as one of the main elements in a civil society. Even though civil society is conceptually an interdisciplinary idea it has many economic and political aspects to it. Property rights has all of these properties of being an interdisciplinary concept with its emphasis on the idea of individualism and the reduction of the role of government in the economy. What is important about economic development and its relation to property rights is that it brings a new image in the minds of the reader in terms of reacting to core theoretical concepts in economics. Remember that property rights hasn't been established as a very important theoretical element in economic, sociological, and philosophical sciences. It is still a concept that embraces individual freedom and liberty and at the same time establishes itself as an institution which brings some limitations to the behavior of the private sector. So in general these series of posts about property rights are an introduction to an understanding of property rights and their role in economic development.
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