Hoover Digest2004 No.3 Summer By Terry L. Anderson and Dominic Parker
by Terry L. AndersonJane S. Shaw Series Editor
Wall Street JournalNov. 22, 1995 By Terry L. Anderson
Sovereign Nations or Reservations?An Economic History of American IndiansBy Terry L. Anderson
By Terry L. Anderson [See research by Terry Anderson and Dominic Parker]
By Terry L. Anderson and Dominic P. Parker
By Terry L. Anderson and Dominic P. Parker
Until American Indians living on Reservations have secure property rights and a stable rule of law, they will remain isloated on islands of poverty in a sea of prosperity.
Fox Business News correspondent John Stossel ignited a fire under
The uncertainties of tribal governance and judicial systems has a chilling effect on economic development on reservations. A point in case is the Grand Canyon Skywalk.
The "Skywalk" project could help lift 2,100 tribal members out of poverty, but a legal dispute may have killed the goose that could lay golden eggs. Worse yet, this could stifle investment across Indian Country.
Ten years ago, the Hualapai Tribe in Arizona signed an agreement with a developer, David Jin, to build a glass Skywalk out over the Grand Canyon. After it was built, the tribe abruptly abrogated the contract; initially a U.S.
Tribes that can resist the temptation to extract wealth at the expense of future growth have the best hope of overcoming poverty and becoming truly sovereign.
PERC sat down with Richard Todd and Susan Woodrow of the Federal Reserve Bank of Minneapolis to discuss community development and the economic future in Indian Country.
PERC begins a colloquium this week on property rights and liberty in Native American societies. The program focuses on the historical emergence of property rights and how these rights have impacted Native Americans.
Terry Anderson discusses how private property rights could improve reservation economies on "Voices of Montana" with Aaron Flint.
In this PERC Case Study, Sierra Crane-Murdoch explores the challenges facing a tribe atop the nation’s biggest oil play. While mineral owners off the reservation have earned thousands of dollars for each acre leased, most allottees within have earned only a few hundred.
PERC President Terry Anderson points out that American Indians and First Nations people can reach back into their rich cultural heritage and find institutions that rewarded individual initiative.
The link between natural resources, institutions, and economic prosperity is nowhere more apparent than on American Indian reservations.
The link between natural resources, institutions, and economic prosperity is nowhere more apparent than on American Indian reservations
PERC's Terry Anderson made an appearance on Stossel Friday night to discuss the causes of American Indian poverty. The video is here:
PERC's Terry Anderson will be on Stossel on the Fox Business Channel tonight to discuss property rights on Indian reservations.
Some economic histories are valuable because they provide insights into events and places previously not fully explored, while others contribute through a well-formulated test of economic propositions. In Commerce by a Frozen Sea, Ann M. Carlos and Frank D. Lewis have given us a marvelous melding of the two. The authors have written a carefully researched and well-organized discussion of the early fur trade in the very northern reaches of North America as well as a fascinating use of basic economic theory. The book extends our understanding of the overall extent of the trade and the interaction between the European traders -- primarily the French and British -- and indigenous tribes. Europe wanted furs, primarily beaver, and the resident tribal groups valued the commodities available from the more economically-developed countries.When Adam Smith published his Wealth of Nations in 1776, he devoted a bit more than a page to the Hudson Bay Company, which was over a hundred years old at that point, having been created by royal charter in 1670. Smith places his discussion of the Company in his section discussing the costs and benefits of joint stock companies, and thinks the Hudson Bay Company probably had a reasonable level of profits, despite some of the principal-agent problems inherent in such organization.Smith could have made the Company and its relations with the Native Americans in the region around Hudson Bay a prime example of one of his basic assumptions about human nature, “the propensity to truck, barter, and exchange one thing for another.” He also argued that the division of labor is limited by the extent of the market and he would have found in the activities of the Hudson Bay company a surprisingly robust case study of entrepreneurial efforts to further extend the market and hence the division of labor.Commerce by a Frozen Sea is, at its core, an account of the gains from trade when two very different cultures with very different resources and productive abilities come into contact. And that contact itself was not exogenous, but driven by farsighted individuals who were able to organize trade across thousands of miles in the most difficult of circumstances. The Hudson Bay was frozen for most of the year, so the outposts or “factories” along the edges of the Bay depended upon the yearly vessel that would bring rations for the Europeans stationed at the factory as well as trade goods. These goods were often ordered specifically by the Indians the year before. The ship would then load the furs that had accumulated at the trading post for the return trip to Europe.
Last week, PERC was featured on the Fox Business Channel's Stossel program for a Thanksgiving special giving thanks to property righ
On August 7, the day my wife and I arrived in Kamloops, British Columbia, the headline in Canada’s national newspaper read “Tories Prepare New Native Land Plan.” We were in Kamloops to meet with Manny Jules, former chief of the Kamloops Band of the Shuswap First Nation a
At a time when there’s a spotlight on America’s richest 1%, a look at the country’s 310 Indian reservations—where many of America’s poorest 1% live—can be more enlightening.
These Plains Indians had a legal system based on accepted rules of conduct and individual rights.
A return to property rights and the rule of law would restore economic strength and stewardship to American Indian Economies.
The reservation system, instituted in the nineteenth century, destroyed the successful property rights systems of the past.
Tribal sovereignty is an achievement, but just as important in enabling Indians to be entrepreneurial is recognizing the role of the individual.
British Columbia could resolve its conflicts over salmon by an auction that resembles the 'rivalry potlatches' of the past.
By Robert J. Miller
Blackfeet Gathering, an oil painting of teepees, illustrates private property among American Indians. It is available by auction.