Difference between revisions of "What Is Property?"

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==What is the relationship between owners, property, and other people?==
 
==What is the relationship between owners, property, and other people?==
{{:A Positive Model Of Rights}}
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For a more extensive explanation, see: [[A Positive Model Of Rights]].
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An enforced right can be modeled as a social and economic relationship between three groups about a thing. 
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Let's start with a simple story, a diagram and an explanatory table.
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Ronnie claims ownership of some land and pays Eddie to enforce that right against the denizens of Dallas.  Eddie tells them "you have a duty not to use this land because Ronnie has the right and I will pop anybody who does."
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* Ronnie is a '''RightHolder''' with the right to the land.
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* Eddie is an '''Enforcer''' who makes threats and follows up if Ronnie's right is violated.  In the US, the enforcer is the government.
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* The denizens of Dallas are '''DutyBearers''': a duty not to use the land is forced on them by Eddie, otherwise they could use the land for themselves.
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* The land is a '''Thing''' that is controlled by the right.
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[[Image:Rights.jpg|500px]]
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* Ronnie receives the '''Benefits''' of the Thing: ue of the land.
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* Eddie receives the '''Fees''' for enforcement, in this case from Ronnie.  In the case of the US, from taxes on everybody.
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* The denizens of Dallas have an '''Opportunity Cost''': if it wasn't for Eddie, they could use the land.
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* If the denizens of Dallas don't obey Eddie, Eddie has an enforcement '''Cost'''.
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* If the denizens of Dallas don't obey Eddie, Eddie will give them a '''Penalty'''.
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This diagram makes clear that ownership places duties to respect ownership without consent: property as constituted everywhere in the world is without universal consent.
  
 
==What are the component rights of property?==
 
==What are the component rights of property?==

Revision as of 18:03, 22 February 2016