Jean Rogers, John D. Sullivan, Kim Eric Bettcher, This article explores the difference that the institution of property rights has made to the economic and political life of developed countries and the promise it holds for developing countries. By shaping the incentives of individuals and undergirding the institutions of society, a strong property rights regime lays the foundation for growth, freedom, and overall well-being. For individuals, property ownership entails opportunity, responsibility, and economic freedom. Read more…