Set culture free

posted by
January 2, 2012
Ludwig von Mises Institute
by Joel Poindexter  
Posted in Commentary

"Over time, property rights emerged as a way of mitigating conflict over scarce goods. If there is a finite amount of something, say hammers, it's possible that at some point conflict over the use of a tool may arise. Establishing property rights, and institutions to enforce those rights and arbitrate disputes, tends to reduce this conflict. Hans Hermann-Hoppe explains this concept by using the Garden of Eden as an example, where everything is in abundance." (01/02/12)  

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