Abstract: In this paper, first, I want to clarify the nature and function of private property. Second, I want to clarify the distinction between “common” goods and property and “public” goods and property, and explain the construction error inherent in the institution of public goods and property. Third, I want to explain the rationale and principle of privatization.
Download Paper: Of Private, Common, and Public Property and the Rationale for Total Privatization
[…] TSC, chs. 1-2; Hoppe, “Of Private, Common, and Public Property and the Rationale for Total Privatization,” Libertarian Papers vol. 3, art. no. 1 (2011), also published as ch. 5 of The Great Fiction […]