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24min chapter
Desert Town Dilemmas and the Problem of Property Rights
The Answer Is Transaction Costs
Exploring Property Rights Through a Philosophical Lens
This chapter delves into an interview with David Schmitz, a philosopher and economist, tracing his path into studying property rights and the influence of scholars like Jules Coleman and Ronald Coase. The discussion explores the philosophical evolution of property rights, from the perspectives of Locke and Adam Smith to the concept of first possession through an analogy involving territorial disputes. It also delves into the societal perceptions and moral implications of property ownership, emphasizing the significance of conventions and the right to exclude in defining property rights.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode