Tuesday, July 02, 2013

Property rights resolve disputes?

Of course, when property rights are agreed upon, there won't be disputes -- but that really says nothing more than where there is agreement, there is no dispute!

But property rights are often the very source of disputes. Reading Bailyn's account of the English settlement of Massachusetts drives that point home with great force. In understanding the human world, history trumps theory!

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Zeno for the computer age

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