REFORMING PROPERTY RIGHTS IN LAND AND TENANCY

摘要: This article examines the nature and distribution of property rights in land how they are changing under economic demographic pressures. It also analyzes practical chances success several alternative forms policy intervention to redistribute regulate tenancy. analysis begins with political economy reform twentieth century. draws a distinction between reforms precipitated by social upheaval (defeat war, revolution, or national liberation) those that occur 'normal' times, when order is more secure. argued former have been much important and, drawing on examples, latter face formidable obstacles. In this connection, it proposed tax which does away highly selective subsidies exemptions benefit rich inflate price should be undertaken first. Then, prices fallen, compulsory purchase for redistribution, at close fair market value ensure its acceptability, will not entail an intolerable fiscal burden. Where tenancy concerned, institution commonly socially useful response, provides opportunities fuller employment family resources over long run, individual mobility. Thus interventions designed inhibit directly transfer ownership-like existing tenants may result heavy costs, especially future cohorts will-be