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approach, which we have termed property economics, will be presented in sections 1. and 2. Economists' neglect of collateral … comprehending the essence of interest and the creation of money is played by the nearly universal lumping together of property and … (i) their dealing only with possession, which is confusingly labeled “property” and, simultaneously, (ii) their never …
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This paper provides a unique contractual analysis of privatization from a state-owned company to a privately-owned company. Using a contractual approach, we analyze the advantages and disadvantages of private ownership versus state ownership under various circumstances. Our analyses focus on...
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-ownership over the course of this period, culminating in a reinterpretation of John Locke’s celebrated but widely misunderstood idea … that “every Man has a Property in his own Person.” Often viewed through the prism of libertarian political thought, self … specific kind of constitution but a particular distribution of property as well. Many regarded the protection of private …
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Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise. The great economists of the 1930s and 1940s...
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