Difference between revisions of "What Is Property?"

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[[Image:Rights.jpg|500px]]
 
[[Image:Rights.jpg|500px]]
  
* Ronnie receives the '''Benefits''' of the Thing: ue of the land.
+
* Ronnie receives the '''Benefits''' of the Thing: use of the land.
 
* Eddie receives the '''Fees''' for enforcement, in this case from Ronnie.  In the case of the US, from taxes on everybody.
 
* Eddie receives the '''Fees''' for enforcement, in this case from Ronnie.  In the case of the US, from taxes on everybody.
 
* The denizens of Dallas have an '''Opportunity Cost''': if it wasn't for Eddie, they could use the land.
 
* The denizens of Dallas have an '''Opportunity Cost''': if it wasn't for Eddie, they could use the land.

Revision as of 16:13, 27 April 2017