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<?xml-stylesheet type="text/xsl" href="http://mises.org/Community/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>Back to the Drawing Board : Intrinsic Value, Property Rights</title><link>http://mises.org/Community/blogs/donny/archive/tags/Intrinsic+Value/Property+Rights/default.aspx</link><description>Tags: Intrinsic Value, Property Rights</description><dc:language>en</dc:language><generator>CommunityServer 2008.5 SP2 (Build: 40407.4157)</generator><item><title>Does Intrinsic Value in Nonconscious Objects Create Problems for Property Rights?</title><link>http://mises.org/Community/blogs/donny/archive/2008/03/02/does-intrinsic-value-in-nonconscious-objects-create-problems-for-property-rights.aspx</link><pubDate>Sun, 02 Mar 2008 20:51:00 GMT</pubDate><guid isPermaLink="false">944abf2b-d1be-4bf2-990d-438cb0e377e9:20674</guid><dc:creator>Donny with an A</dc:creator><slash:comments>810</slash:comments><wfw:commentRss xmlns:wfw="http://wellformedweb.org/CommentAPI/">http://mises.org/Community/blogs/donny/rsscomments.aspx?PostID=20674</wfw:commentRss><comments>http://mises.org/Community/blogs/donny/archive/2008/03/02/does-intrinsic-value-in-nonconscious-objects-create-problems-for-property-rights.aspx#comments</comments><description>&lt;p&gt;[Cross-posted on &lt;a href="http://libertarian-left.blogspot.com/" target="_blank"&gt;the parent blog&lt;/a&gt;]&amp;nbsp;&lt;/p&gt;&lt;p&gt;So &lt;a href="http://libertarian-left.blogspot.com/2008/02/can-we-have-duties-to-nonconscious.html"&gt;I wrote&lt;/a&gt;
earlier about the idea of nonconscious objects having intrinsic value,
and I was wondering about the implications of what I said for our
normal conceptions regarding property rights. Basically, I argued that
some objects, like the Grand Canyon or Niagara Falls, have the inherent
capacity to inspire significant reactions in people. Accordingly, it
seems fair to say that they have some kind of intrinsic value, and that
therefore it is somehow wrong to destroy them wastefully; that is, it
doesn&amp;#39;t take proper account of this value to &amp;quot;destroy&amp;quot; them without
good reason for doing so.&lt;br /&gt;&lt;br /&gt;It occurred to me, though, that this
account might seem to be at odds with our normal ideas about property
rights. I figured it might be worth writing briefly about whether this
is the case. I&amp;#39;ll bring up two issues here, discussing neither in much
depth (it&amp;#39;s Friday, dammit). The first is whether the existence of
intrinsic value in nonconscious entities could imply that we don&amp;#39;t
fully own our property. The second is whether intrinsic value creates
problems for our ideas about just appropriation.&lt;br /&gt;&lt;br /&gt;So why would
intrinsic value have any bearing on whether or not we fully own our
property? Well, the issue arises from the claim that it&amp;#39;s wrong to
destroy something with intrinsic value in the absence of a good reason
for doing so. Does this mean that we could be entitled to stop someone
from destroying something on her own property &lt;span style="font-style:italic;"&gt;if she owned it&lt;/span&gt;?  If so, this would clearly have significant implications for the way we think about our relationship with our property.&lt;br /&gt;&lt;br /&gt;I
think that we would have to start by pointing out that if someone were
going to wastefully destroy an object with significant intrinsic value,
she could probably sell it to someone else, or a group of people, who
would clearly value it more than her. In his essay, &amp;quot;Liberty, Markets,
and Environmental Values: A Hayekian Defense of Free-Market
Environmentalism,&amp;quot; Mark Pennington wrote, &amp;quot;...a case surely can be made
that it is precisely for the ends that people value most highly that
they should be required to make a personal sacrifice, including perhaps
a material sacrifice.&amp;quot; I think this makes some sense.&lt;br /&gt;&lt;br /&gt;And if the
object&amp;#39;s owners were prepared to forgo such payment in order to see the
object destroyed, then it seems clear that we would want to say that
she had a reasonably strong interest in destroying the object, and that
this could very well constitute the kind of &amp;quot;good reason&amp;quot; which would
make legitimate the destruction of an intrinsically valuable object.&lt;br /&gt;&lt;br /&gt;But
what if transactions costs prevented the person from selling the
object? Perhaps the object was extremely valuable, but it would simply
be unfeasible to coordinate a trade? Would the owner be doing something
wrong to destroy it? It seems that in this case, we would need to come
up with a relatively good reason for overriding the property rights of
the owner; if she rightfully owned the object, then we would generally
want to say that the ownership rights included the right to destroy the
object. This seems most obvious if we say that the owner &lt;span style="font-style:italic;"&gt;created&lt;/span&gt;
the intrinsic value in an object. Given that the value was &amp;quot;put into&amp;quot;
the object by the owner, it seems that she would have every right to
destroy that value.&lt;br /&gt;&lt;br /&gt;However, I think that this intuition becomes
slightly less clear if we suppose that the intrinsic value was a
natural feature of the object. I don&amp;#39;t think that this unclarity
reflects that we don&amp;#39;t believe that property rights should be
respected. Rather, I think it is a consequence of an inadequate
understanding the second issue that I wanted to touch on, which asks
what kinds of things we can justly appropriate, and what that
appropriation entails.&lt;br /&gt;&lt;br /&gt;If you somehow come to own the Grand
Canyon, and then you decide that you want to destroy it (for no good
reason), I think that other people would be right to object. But this
is not because you shouldn&amp;#39;t have a right to do what you want with your
property. I think it&amp;#39;s more because people would object to the idea of
you could justly be said to own something like the Grand Canyon. It
just seems like something that a person couldn&amp;#39;t fairly appropriate for
themselves.&lt;br /&gt;&lt;br /&gt;And I think that on some level, that sounds right.  Objects with significant natural intrinsic value &lt;span style="font-style:italic;"&gt;do&lt;/span&gt;
seem to belong to all of us; it simply wouldn&amp;#39;t be right for someone to
declare himself the exclusive owner, with the right to destroy the
object if he chose. But if we take to its logical end, then we not only
restrict the appropriation of the Grand Canyon and Niagara Falls, but
also the appropriation of a beautiful forest or scenic beach front.&lt;br /&gt;&lt;br /&gt;I
think that there is some intuitive strength to the idea that
individuals should not be able to simply take such natural wonders for
themselves, excluding others from accessing them. This idea seems
grounded in the notion of Pareto improvement. In &lt;span style="font-style:italic;"&gt;Anarchy, State, and Utopia&lt;/span&gt;,
Nozick writes, &amp;quot;It will be implausible to view improving an object as
giving full ownership to it, oif the stock of unowned objects that
might be improved is limited. For an object&amp;#39;s coming under one person&amp;#39;s
ownership changes the situation of all others. Whereas previously they
were at liberty...to use the object, they now no longer are.&amp;quot; While
this is a problem for all acts of appropriation, it seems especially
significant when we are able to say that without any human improvement,
an object naturally has the capacity to inspire strong positive
reactions in people. Why should one person be allowed to appropriate
all the benefits from these natural objects for themselves?&lt;br /&gt;&lt;br /&gt;But it&amp;#39;s not as if privatization &lt;span style="font-style:italic;"&gt;can&amp;#39;t&lt;/span&gt;
be Pareto improving. I don&amp;#39;t want to say more about this just now,
because I haven&amp;#39;t thought it out enough. But I want to appeal to the
idea that human stewardship can augment the intrinsic value in natural
objects, and make them more accessible and beneficial to the people who
would have enjoyed them in their natural state. For example, creating
hiking trails and camping areas on a beautiful mountain can enable more
people to enjoy their beauty. However, I want to take into account some
important objections raised by G. A. Cohen which I&amp;#39;ll get into some
other time. For now, I&amp;#39;m just going to leave this as an unfinished
project.&lt;/p&gt;&lt;div style="clear:both;"&gt;&lt;/div&gt;&lt;img src="http://mises.org/Community/aggbug.aspx?PostID=20674" width="1" height="1"&gt;</description><category domain="http://mises.org/Community/blogs/donny/archive/tags/Justice/default.aspx">Justice</category><category domain="http://mises.org/Community/blogs/donny/archive/tags/Property+Rights/default.aspx">Property Rights</category><category domain="http://mises.org/Community/blogs/donny/archive/tags/Appropriation+and+Environmentalism/default.aspx">Appropriation and Environmentalism</category><category domain="http://mises.org/Community/blogs/donny/archive/tags/Intrinsic+Value/default.aspx">Intrinsic Value</category><category domain="http://mises.org/Community/blogs/donny/archive/tags/Opportunity/default.aspx">Opportunity</category></item></channel></rss>