The Journal of Libertarian Studies

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

  • The Journal of Libertarian Studies

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)

Author:

Stephan Kinsella

Stephan Kinsella is an attorney in Houston, director of the Center for the Study of Innovative Freedom, and editor of Libertarian Papers.

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.

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