property_rights_slides

property_rights_slides - improved • Must leave “enough...

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Rights : Property Rights
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Class Objectives Introduce the concept of rights and the two “big questions” Examine Locke’s theory of property rights Develop critical perspective on land acquisition in North America
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Rights To have a right to x is to have a claim to control x, no matter what others want Two big questions: 1. What justifies a claim that someone has a right to something? 2. What rights are we justified in claiming that persons in fact have?
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Locke on Property Rights God gave the Earth to persons in common for their common benefit and use We each have a property right in our own bodies Common property must be appropriated to become useful
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Limitations on the Right of Appropriation Must not waste Land that is appropriated must be
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Unformatted text preview: improved • Must leave “enough and as good for others” Labor Theory of Value • Only labor can create value • Can reckon value of thing by adding up labor required to produce it • Labor creates a greater stock of goods, and allows appropriation within the proviso: leave enough for others Money • Because it does not spoil, it allows us to hoard wealth without violating the proviso: do not waste • Question: does a failure to invest money wisely constitute a kind of waste? Origin of Inequality • No great inequality in state of nature • Money allows hoarding, which allows some to collect more than others • Inequalities that are created by labor are morally justifiable...
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This note was uploaded on 05/05/2008 for the course PHIL 180 taught by Professor Staff during the Fall '07 term at Kansas.

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property_rights_slides - improved • Must leave “enough...

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