This chapter summarizes the book's main arguments. It discusses the value of functional property and business registries as market facilitators. These are costly and fragile institutions that must be well designed and wisely managed in order to be effective in reducing transaction costs and thus make truly impersonal (that is, asset-based) exchange possible. The chapter also looks into the challenge of public registries.
Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.