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

  • The Journal of Libertarian Studies
Stephan Kinsella

Tags Calculation and KnowledgeCapital and Interest TheoryMonetary Theory

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)

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Kinsella, Stephan "A Libertarian Theory of Contract: Title Transfer, Binding Promises, Inalienability." Journal of Libertarian Studies 17, No. 2 (2003): 11–37.