PHILOSPHICAL UNDERPINNINGS
I. Two Treatises of Government, Locke – Labor Theory of Value
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Private property exists because of labor - Not only do you own land b/c you work it,but if people own land individually it will work out better for society, b/c ppl willimprove land they own.
Is the ownership of land by individuals justified as opposedthe ownership of all land by all mankind.
II. Some Fundamental Legal Conceptions as Applied in Judicial Reasoning, Hohfeld
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Hohfeld's analysis began by distinguishing right (or claim) from liberty (or privilege),power and immunity, and defined them through three corelatives, i.e. duty, liability,and disability. He arranged these fundamental legal concepts in terms of JuralOpposites and Jural Corelatives.III.
What Is Property , Halper
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Property right - the right to use or to decide who uses it; this power is not absolute
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Limited by zoning laws, taxes, nuisance, police power
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Is it really property if someone else can tell you how to use it? Yes.
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State will define, to a degree, how you can use your property. But, theycan't go so far as to make the use totally impractical as to make nouse.
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Gov't cant limit your property to such a degree that you cant use it, butit can take it away as long as it justly compensates you
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Foundations of property associated with agriculture. Better individuallyowned, because you'll pay better attention to it; take better care if its yourown.
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Cant keep all income derived from property - property is taxed
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State say who owns what, but not entirely.
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Part of the reason why property rights exist and are enforceable is not onlybecause the state says so, but also because most ppl respect them. Musthave custom and popular approval.
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Ownership is not a single right, but a bundle of rights of which the importantattributes are the right to use, the right to exclude others, and the right to exploitthe income potential of the property (all of which are limited). You share theproperty with the state, and to a degree with the rest of the community.IV.
Toward a Theory of Property Rights, Demsetz
(Duk 35-45)
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Gets to concept of property by virtue of value.
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Native Americans around Quebec - they hunt for food, and gather. They don’tcare about who owns what. Then Europeans come over and want animal fur. Then they start killing animals and start selling to Europeans. Then, riches of the forest gain a value, and becomesimportant because they can get morethan their food from it, and it becomes property. This is how property starts.Property is derived from the fact that it has value (may have very limitedapplication)
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Demsetz tells us: an owner of property gains his rights by virtue of communalconsent. Halper doesn’t totally agree with this, but partially true only. Halper sayswe need both state and community consent.
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Community - now can be whole world (communication & technology); in thepast only small area due to lack of communication over large distances - theywere isolated. The idea of community is broader, and the idea of the consentof the community is also much broader.
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Property rights arise from negotiation and agreement. Halper disagrees.Europeans didn’t negotiate with natives in the Americas, they take over theland through violence.
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Private property v. public property (halper)
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