The right to bear arms, private property, and economic growth

Qixin Zhan and Heng-Fu Zou ()

No 626, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: This paper provides an examination of the crucial role played by the right to keep and bear arms in protecting individuals’ life, liberty, and property. Through our analysis, we demonstrate that the accumulation of firearms, serving as a means of safeguarding life, liberty, and property rights, leads to advancements in physical capital accumulation, output production, and overall welfare. Utilizing a robust mathematical model, we offer theoretical support for the natural right to bear arms, a principle deeply ingrained in ancient wisdom and enshrined in modern constitutional frameworks, notably exemplified by the Second and Fourth Amendments of the US Constitution.

Keywords: Arms spending; Private property; Capital accumulation; Economic growth (search for similar items in EconPapers)
JEL-codes: E20 E22 H56 O10 O40 P16 P48 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2024-04-17
New Economics Papers: this item is included in nep-gro and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:626

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