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Perspectives on Property Law, edited by Robert C. Ellickson, Carol M. Rose, and Henry E. Smith is an interdisciplinary introduction to property law and institutions through edited and annotated readings from classic and contemporary sources.

Entering its Fifth Edition, Perspectives on Property Law continues its track record of success. The authors supplement a wide selection of fascinating and essential readings on Property Law with their own commentary. This reader continues an approach tracing back to the landmark first edition--Bruce Ackerman's Economic Foundations of Property Law, published in 1975. Like all previous editions, this edition contains many selections, both classic and more recent, in law and economics. Included selections are also taken from sociology, psychology, history, philosophy, gender studies, game theory, and law and literature.

New to the 5th Edition:

• Richard Brooks's article on the dangers of racial discrimination from non-enforceable Restrictive Covenants.
• Yun-chien Chang's chapter from a global comparative study questioning the basis for Adverse Possession.
• Thomas W. Merrill's article on the Economics of Leasing.
• Henry E. Smith's article on equity as meta-law and F.H. Lawson's article on the creative use of legal concepts.

Professors and students will benefit from:

• An assemblage of leading writings on the fundamental issues of Property Law
• Each selection is accompanied by notes, questions, and commentary designed to deepen student understanding
• A well-known and respected author team