The Journal of Libertarian Studies
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A Libertarian Theory of Contract: Title Transfer, Binding Promises, Inalienability
The theory of property specifies how to determine which individuals own—have the right to control—particular scarce resources. By having a just, objective rule for allocating control of scarce resources to particular owners, resource use conflicts may be reduced. Non-owners can simply refrain from invading the borders of the property— that is, avoid using the property without the owner’s consent.
Volume 17, Number 2 (2003)
Cite This Article
Kinsella, Stephan "A Libertarian Theory of Contract: Title Transfer, Binding Promises, Inalienability." Journal of Libertarian Studies 17, No. 2 (2003): 11–37.