1. “Of Private, Common, and Public Property and the Rationale for Total Privatization”

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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.

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  1. […] In fact, the reason property rights are more fundamental than, and a concept upon which “aggression” depends, is that the only reason there is a need for property rights is the possibility of conflict, and this arises only because we live in a world of scarce (rivalrous) resources. As Mises explains, humans act, which means to employ certain scarce means to achieve certain chosen ends. The scarce means are physical resources in the world that our scientific knowledge informs us are causally efficacious in interfering with the world, in changing the course of events to achieve some forecasted state in the future that is desired more than what is otherwise predicted by the actor to come about. As Hans-Hermann Hoppe explains in Of Private, Common, and Public Property and the Rationale for Total Privatization, […]

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