Sunday, March 6, 2011
Posted by dkuehn at 8:24 AM
A good post covering libertarian understandings of property rights, the role that risk plays in property rights, etc. He cites a pollution example which I think meshes nicely to the way I talk about externalities and property rights, and the fact that a lot of people talk about property rights in a way that is self referencing. I can't make a defense of climate change legislation or public investments on the basis of property rights if you don't acknowledge property rights associated with the climate we live in, the air we breath, or the property rights of future generations. It is the very incompleteness of property rights and their self-referentialism that introduces these problems.