The "What is Money?" Show cover image

A Theory of Socialism and Capitalism | The Stephan Kinsella Series | Episode 1 (WiM207)

The "What is Money?" Show

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The Importance of Conceptual Analysis in Problem Solving

Most people prefer no thang. This is partly because of our psycholo our social development, our evolution. Property rights emerge as a system of ways to allocate who can use the resources that are always going to be in dispute. The moral problem would be if your you and your neighbors are all trying to decide what the just solution for a conflict is. So we sit together and we reason it out. We try to work it out from the outcome of contests over time. And that's how law emerges. But there will always be some defectors, some abnormal people, some ssociopaths, some psychopaths,. Some criminals, who will risk the rules.

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