Originally published in 1981, Dr Currie's main emphasis in this book is on the economic theory of agricultural land tenure, but he also makes extensive reference to the historical development of land tenure in England. After consideration of the history of economic thought on this important topic, he employs an essentially neo-classical approach, though one that pays due attention to the nature of institutional arrangements and particular forms of property rights. In dealing with these latter aspects, he considers not only the economic effects of particular institutional forms but also their economic causes. The careful use of the history of land tenure development gives this work especial relevance for agricultural development and for issues of land reform. The Physiocrats and Classical economists gave land tenure an important place in their work. Following a long period of' neglect by Neo-Classical economists, land tenure arrangements again received considerable theoretical attention in the years preceding publication. Dr Currie draws on and develops this work. Moreover, he investigates the importance of a number of crucial issues that were being neglected at the time.
Preface; 1. Introduction; 2. Political economists and land; 3. The analytical framework; 4. Farming and investment decisions under owner-occupancy; 5. Farming and investment decisions under tenancy; 6. Rental market: fixed rent tenancies; 7. Rental market: share-rent tenancies; 8. Agricultural land values; 9. The operating and ownership structures; 10. Evaluations and comparison of land tenure systems; Notes Bibliography; Index.