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13 Cards in this Set

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