“…Therefore, regulation of permanent or temporary property assignment rights, in conjunction with their enforcement, leads to the most sensible use of property, i.e., economic resources. The institutional school emerged as a reaction to the political and economic climate that prevailed in the United States of America in the late nineteenth century, which created significant concern about important issues: monopoly, poverty, depression, and waste (Rinnen, Westemeier, & Gross, 2020). It made some economists take the initiative to question the assumptions and results of the neoclassical school and call for a movement for reform and social control to improve economic and political conditions through government intervention to correct capitalism and save it from collapse.…”