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Unlocking the Wealth of Indian Nations

Unlocking the Wealth of Indian Nations


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About the Book

Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.

Table of Contents:

Chapter 1 Institutions and the Wealth of Indian Nations
Chapter 2 Natural Resources on American Indian Reservations: Blessing or Curse?
Chapter 3 Native Americans, Exchange, and the Role of Gift-Giving
Chapter 4 The Potlatch as Fractional Reserve Banking
Chapter 5 Maori Tribal Economy: Rethinking the Original Economic Institutions
Chapter 6 Unlocking the Energy Wealth of Indian Nations
Chapter 7 Divided Interests: The Increasing Detrimental Fractionation of Indian Land Ownership
Chapter 8 Forced Coexistence and Economic Development: Evidence from Native American Reservations
Chapter 9 The Legacy of United States v. Washington: Economic Effects of the Boldt and Rafeedie Decisions
Chapter 10 Paternalism versus Sovereignty: The Long Run Economic Effects of the Indian Reorganization Act
Chapter 11 Indian Entrepreneurship
Chapter 12 Unlocking First Nation Wealth: Past Efforts and Future Opportunities



About the Author :
Terry L. Anderson is William A. Dunn Distinguished Senior Fellow at the Property and Environment Research Center and John and Jean De Nault Senior Fellow at the Hoover Institution, Stanford University.

Review :
Unlocking the Wealth of Indian Nations provides a rare look at Native Americans and their history and society. In this scholarly and well-researched book, the authors convincingly show that federal policies are keeping Native Americans economically underdeveloped. They also show that it is important to end discriminatory policies against the Native Americans to let them realize their full potential and play a role in making America stronger. It is a must-read book for understanding Washington’s discriminatory policies about Native Americans. The comparative development of the American Indian Nations provides an unrivaled natural experiment with enormous relevance to social scientists. This volume isn't therefore just a practical agenda to help some of the most marginalized people in the US, it's also an important intellectual milestone. In Unlocking the Wealth of Indian Nations, Terry Anderson has assembled an excellent collection of essays confirming the failure of more than a century of top-down, federal paternalism and the promise of bottom-up institutional development by autonomous Indian nations and their citizenry. Through many examples drawn from a wide sampling of native populations, the authors provide convincing proof that, as in the past, property rights and trade are the keys to unlocking the future wealth of Indian nations.


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Product Details
  • ISBN-13: 9781498525671
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Lexington Books
  • Height: 232 mm
  • No of Pages: 328
  • Spine Width: 29 mm
  • Width: 165 mm
  • ISBN-10: 1498525679
  • Publisher Date: 22 Jun 2016
  • Binding: Hardback
  • Language: English
  • Returnable: Y
  • Weight: 702 gr


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