On Property Right IV
2005.06.06 6:32

Then his comment,

Property . . . is not so simple. See my journal [slashdot.org].In short, property is a positive right: reinforced exclusivity.

Yes, indeed so.

I agree that Anachro-Capitalists tend to lean upon natural law, but natural law doesn't tell you what one is, but rather (should it be a valid mode of analysis), what it should be.

The point a little bit difficult to understand. We know natural law merely admits someone has a right to claim property right on the objectives, but in order to make them generate the property right, someone has to claim for it, Unless doing so someone's property right remains to be silent. When he said natural law tells you what it should be, I think he is stating the same thing. Not sure though...

Ronald Coase wrote about this; brief analysis: property exists where the investment gains outweigh the costs of exclusivity (the thing in question cannot be readily put to its best use).

(..Continues.)