21 sats \ 2 replies \ @byzantine 25 Jun \ on: Private Property Comes from Scarcity, Not Law econ
yes, something that is scarce can be private
something that is abundant can also be private but not exclusive
private property can be something that is scarce and also something that is abundant
The purpose of property rights is to allow peaceful resolution of disputes over resources. It only really makes sense for rivalrous things.
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yes i agree. enforcing then privateness of the property only matters if it is something scarce
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