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by Trevor Jackson · 15 Mar 2026 · 270pp · 104,133 words
also increasingly trying to impose some order on the chaos of capitalist markets. Most importantly for capitalism, there needs to be a legal concept of private property rights, which need to be unitary and alienable so that specific people can be the sole owners of specific things and have the ability to buy
How Africa Works: Success and Failure on the World’s Last Developmental Frontier
by Joe Studwell · 6 Dec 2025 · 393pp · 148,223 words
rural land ownership. Africa contains more communally owned land than any other part of the world, around two thirds of the land mass. Advocates of private property rights, led by the World Bank and USAID, make an ostensibly strong case that this encourages investment in property because people have security of ownership; mortgaging
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and leasing are also made possible. In practice, however, efforts to define clear private property rights in Africa have been a study in the weakness and pro-elite bias of African governments. Around the continent, the powerful have exploited any attempt
The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up
by Xavier Cirera and William Francis Maloney · 14 Jun 2017 · 373pp · 109,964 words
institutions that have been pushed range from Western lawyers rewriting Eastern Europe’s laws as a condition for disbursing foreign aid, to the British initiating private property rights in parts of Kenya in the hopes of increasing transparency and certainty. However, without understanding the complex local social structures in which these societies have
Multitude: War and Democracy in the Age of Empire
by Michael Hardt and Antonio Negri · 1 Jan 2004 · 475pp · 149,310 words
rather on the contradiction in the logic of capital that points toward a new future resolution. On the one hand, as we have seen, capitalist private property rights are based on the individual labor of the producer, but on the other hand capital continually introduces more collective and collaborative forms of production: the
The Problem of Political Authority: An Examination of the Right to Coerce and the Duty to Obey
by Michael Huemer · 29 Oct 2012 · 577pp · 149,554 words
compliance on the part of the minority. More precisely, majority will alone does not provide sufficient backing for a proposal to override an individual’s private property rights (your right to your money in this example) or right not to be subjected to harmful coercion. This sort of example places a dialectical burden
Sacred Economics: Money, Gift, and Society in the Age of Transition
by Charles Eisenstein · 11 Jul 2011 · 448pp · 142,946 words
, the property of all and of none. Forever after, they became property. If property is robbery, then a legal system dedicated to the protection of private property rights is a system that perpetuates a crime. By making property sacrosanct we validate the original theft. This should not be too surprising if the laws
Radical Markets: Uprooting Capitalism and Democracy for a Just Society
by Eric Posner and E. Weyl · 14 May 2018 · 463pp · 105,197 words
house fall into disrepair. Like George’s tax proposal, the Vickrey Commons does not give people good investment incentives. A response could be to use private property rights where investment incentives are more important than allocative efficiency (George’s “artificial capital”), and common property (with uses distributed through auctions) where allocative efficiency is
Restarting the Future: How to Fix the Intangible Economy
by Jonathan Haskel and Stian Westlake · 4 Apr 2022 · 338pp · 85,566 words
“good” institution? The gaps in the table show that with the exception of trust, institutions do not cover all parts of the exchange process. Consider private property rights. As we have seen, they might help improve incentives for hunters to husband animals or firms to invest in intellectual property. But, by themselves, they
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are no guarantee of low haggling costs. Any statement, then, that “more” (or more secure) private property rights is a “good” institution for growth is incomplete. Such rights will not provide an incentive for exchange if there is expensive haggling over, say, hunting
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mitigate this effect. Sometimes this mitigation happens through intellectual property rights, such as patents or copyrights, which create an artificial legal restriction on spillovers: a private property right. Sometimes it happens through direct public subsidy, as when governments provide funding or tax credits for business research: a public property right. Other mechanisms are
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exchange matter in the intangible economy. For example, if spillovers are likely to occur, then collective action is more of a problem. But creating more private property rights to help collective action might not generate intellectual property (IP) investment if the haggling costs to combine IP are too high. Imperfect collective decision-making
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. Therefore, to those opposed to compulsory military service, the institution of private property rights is a solution. 14. One might therefore argue that trust and reciprocity are not an institution within themselves but rather a subset of the institution
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take long for officials and industrial leaders in the U.S. to suddenly realize how they could profit from that transition. The marriage of American private property rights and American financial secrecy provisions presented an advantage that the tropical, sand-strewn islands couldn’t compete with. “It is not Panama or the British
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more advanced and harmonious state of collective living, where everyone could have their basic needs met, was impeded by the state’s violent protection of private property rights. If the dispossessed Wikipedians in my counterfactual example marched to Jimmy Wales’s home with pitchforks, it would be the local, taxpayer-funded police who
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