Property rights, an introduction

Jan 30, 2017 10:32

When we are talking about choicemakers making a selection from a possibility set in pursuit of an objective, we're usually talking about a choicemaker operating within a technological, social, and legal framework. Robinson Crusoe opersted for some time in isolation, with the freedom to make use of of anything he could get at, and without trading or ( Read more... )

pollution, theft, violence, law, custom, opportunity set, rent, property rights, legal institutions, directly unproductive activity, choice, social institutions, income

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rosefox January 31 2017, 21:07:14 UTC
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maryanndimand February 1 2017, 17:03:08 UTC
Thanks-- fixed.

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