BEGINNER

Private Property Ownership

MARCH 23, 2013

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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Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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