De-Reconstruction of Vaguely Defined Property Rights within Neo-Classical Discourse, and Cooperative Finance Report as inadecuate




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This article is about the financial structure and capitalization of agriculturalcooperatives. It is not an article directly about agricultural cooperatives andindustrialization, merger, strategic alliance, concentration and centralization,and globalization. It is a more modest work about the neoclassicaleconomics discourse of cooperative finance, with particular attention givento the construct “vaguely defined property rights”. The purpose of this articleis to deconstruct this term by examining the concrete formativestructuring of agricultural cooperatives, as cooperatives were formed in theearly first half of the 20th century in the US. (and how this structuring iscarried forth in derivative form to the present day). The construct “vaguelydefined property rights” is an expression of the organizing rationale of neoclassicaleconomics itself, as this view reaches the concrete limit of historicalfinancial structures of cooperatives, what it can intellectually specifyand appropriate, given its individualizing perspective.

Subject(s): Agribusiness

Agricultural Finance

Issue Date: 2004

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/59771 Published in: Journal of Rural Cooperation, Volume 32, Number 2 Page range: 99-110

Total Pages: 12

Record appears in: Hebrew University of Jerusalem > Center for Agricultural Economic Research > Journal of Rural Cooperation





Author: Gray, Thomas W.

Source: http://ageconsearch.umn.edu/record/59771?ln=en







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