3min chapter

Dwarkesh Podcast cover image

David Friedman - Dating Markets, Legal Systems, Bitcoin, and Automation

Dwarkesh Podcast

CHAPTER

The Positive Account of Property Rights

I wonder to what extent this occurred to me, but maybe it is just that we have had spectacularly successful empires in the recent past. I want to ask you about your theory of how property rights and the norms to respect them arose. Why do we not apply the same commitment strategy against the government violating our rights that we do to other individuals violating our rights? Because any individual who did that would be worse off as a result was the simple answer.

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