Explaining poverty

posted by
April 25, 2011
National Center for Policy Analysis
by staff  
Posted in Commentary

"One way to gauge human-rights protection is to ask to what extent the State protects voluntary exchange and private property.  Private property produces systemically different incentives and results from collective property.  When property rights are held privately the costs and benefits of decisions are concentrated in the individual decision maker; with collectively held property rights they are dispersed across society." (04/25/11)


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