Labor Theory of Property: Homesteading and the Loss of Subjective Value

posted by
September 7, 2011
Libertarian Papers
by Thomas K. Duncan  
Posted in Commentary

"Murray Rothbard, in his The Ethics of Liberty, attempts to derive property ownership from the act of homesteading. Under this system, property is claimed through the act of mixing one’s labor with it. However, the theory of homesteading as a means for property rights formation is one that favors production over consumption and denies the subjectivity of value." [abstract -- full paper available as PDF or MS Word download] (09/04/11)  

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