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13 Cards in this Set
- Front
- Back
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Locke on property rights
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How do we acquire private property rights in the state of nature?
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Nozick on property rights
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Can we accumulate as much property as we want?
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The State of Nature
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Absolute property rights
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Invisible Hand Explanation
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The basic idea
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The minimal state
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Basic problem
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Entitlement theory
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Three principles
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Argument of forced labor
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Forced labor
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Liberty, patterns and end-state principles
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Nozick argues that principles of justice are either historical or end-state,
patterned or non-patterned Historical / end-state principles |
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Wilt Chamberlain example
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Liberty sets up patterns and end-states
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Absolute property rights
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The status of property rights
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Econ Rent
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Economic rent
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Barbara Friedman on Wilt Chamberlain
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Economic rent
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The well and monopolies
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The case of the well
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