The Justification Of Private Property

Dan Usher

No 970, Working Paper from Economics Department, Queen's University

Abstract: Justification of private property may be rights-based or needs-based. One may believe that society with private ownership of a significant part of the means of production is good or just in itself, or one may believe that a society with private ownership of a significant part of the means of production is desirable as an instrument to procure other things such as prosperity, personal freedom and the absence of tyranny. This paper defends to former view. Traditional justifications based on the will of God, 'first occupation", acquisition by labour, or social contract all seem to me inadequate. Instead, private property is bracketed with majority-rule voting, public administration and law as essential supports of almost everything we value in life.

Keywords: Law; Property; Voting (search for similar items in EconPapers)
JEL-codes: K0 P0 (search for similar items in EconPapers)
Pages: 0 pages
Date: 1998-03
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:970

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