Property Rights, Consumption and the Market Process extends propertyrights theory in new and exciting directions by combiningcomplementary insights from Austrian, institutional and evolutionaryeconomics. Mainstream economics tends to analyse property rightswithin a static equilibrium framework. In this book David Anderssonreformulates property rights theory as an evolutionary theory of themarket process.This original work includes many valuable insights and new analysissuch as:â?¢ combining Yoram Barzelâ??s theory of property rights, LudwigLachmannâ??s theory of capital, the resource-based view of the firmand the entrepreneurship theories of Frank Knight, JosephSchumpeter and Israel Kirznerâ?¢ applying Ronald Inglehartâ??s theory of value change to discontinuitiesin how imitative behaviour influences consumer choiceâ?¢ a new distributional perspective on the Hayekian knowledge problemâ?¢ a model of consumer choice that combines lexicographiccharacteristics and learning processesâ?¢ a methodological approach that considers the perceived causaland evidential utilities of a theoryâ?¢ original empirical material (hedonic price functions and casestudies) and new areas of application for important computersimulation results.David Anderssonâ??s book will be warmly welcomed by heterodoxeconomists and new institutional economists, as well as economists ofentrepreneurship studies, regional development and urban planning.