BEGINNER

Private Property Ownership

A system of resource allocation where individuals who own property are free to use it in a manner that does not infringe upon the rights of other. A property owner can exclude others from occupying or using his or her property. Private property ownership does not exist in a pure form, but is limited typically limited by government regulation.

 

Robert McNamara - Why Private Property Matters in a Free Society

 

Matt Mitchell - Economic Freedom

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CURRENT ISSUE

November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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