Property

Timothy Stanton

Property is a general term for things such as land or other material resources and goods, the relations between people and those things, the relations between people with respect to those things, or the system of rules that governs these relations. Every society with an interest in avoiding conflict between people over things requires such a system; without it, a civilized common life is impossible. We may distinguish three ideal types of systems that could be used to organize property in a society. Under the first type of system, property is held in common, and all members of the society are free to use it as they choose without spoiling it for others. Under the second type of system, property is held collectively, and society collectively determines its use. Under the third type of system, property is held privately, and those who hold it are free to use it In ...

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