Property - Locke on Property Initial State of Nature:...

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Locke on Property Initial State of Nature: Self-ownership Common ownership of earth Q: Why Private Property? A: Needed to satisfy law of nature (preservation of life) How to legitimately acquire property beyond self: 1. From common: mix own labor with it 2. From others: voluntary gift, contract
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Initial Limits to Property Holdings 1. Only as much as can mix with own labor 2. Leave enough and as good for others 3. No waste: only what one can use Rough equality of holdings among the able- bodied
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How Money Legitimizes Inequality Money introduced by consent All outcomes of consent legitimate Money lifts natural limits on holdings: 1. Wage labor 2. Productivity increase from investment leaves more for others 3. Money stores wealth without spoilage (waste) Money leads to unlimited and unequal possessions, legitimately
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Locke: Property in SN is insecure. Individuals in the SN establish a state for the purpose of protecting their property. "If men were angels, no government would be
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This note was uploaded on 01/15/2012 for the course PHIL 359 taught by Professor Anderson during the Fall '09 term at University of Michigan.

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Property - Locke on Property Initial State of Nature:...

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