On Property Rights, Contract, Degeneracy and Physical Removal
IvanTheHeathen
What is property? Why must all societies inevitably address themselves to the question of how to deal with property? What is the optimal way in which to allocate titles to property? Here, I clear the air about my position on the question. If this doesn't persuade you, at least it will tell you where I stand. I explain why all societies need some scheme of property rights to function; why the libertarian scheme of self-ownership, conferral of rights to unowned property to those who are the first to physically transform some scarce resource in an intersubjectively ascertainable way, and rights of contractual transfer of property to all owners is the optimal system from the point of view of maintaining social order and economic productivity; and why all deviations from that system are bound to produce, to one degree or another, a tendency to short-termism, imprudence and socio-cultural degeneracy. I also deal with some practical problems regarding "collective" ownership of property.
REFERENCES:
1a. "A Theory of Socialism and Capitalism", by Hans-Hermann Hoppe:
1b. Free pdf version:
2a. "The Economics and Ethics of Private Property", by Hans-Hermann Hoppe:
2b. Free pdf version:
https://mises.org/library/economics-and-ethics-private-property-0
- "Democracy - The God That Failed: The Economics and Politics of Monarchy, Democracy and Natural Order", by Hans-Hermann Hoppe:
- "A Libertarian Theory of Contract: Title Transfer, Binding Promises and Inalienability", by Stephan Kinsella:
5a. "Law, Property Rights and Air Pollution", by Murray Rothbard:
https://mises.org/library/law-property-rights-and-air-pollution
5b. pdf version:
https://mises.org/library/law-property-rights-and-air-pollution-0 ... https://www.youtube.com/watch?v=5T50L2B502A
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