The Journal of Libertarian Studies

A
A
Home | Mises Library | A Libertarian Theory of Contract: Title Transfer, Binding Promises, Inalienability

A Libertarian Theory of Contract: Title Transfer, Binding Promises, Inalienability

  • The Journal of Libertarian Studies
0 Views

Tags Calculation and KnowledgeCapital and Interest TheoryMonetary Theory

07/30/2014Stephan Kinsella

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)

Follow Mises Institute

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.