Thursday, October 06, 2011
Property as a Spontaneous Order
Larry Arnhart has an excellent post on property rights. Of note is his observation that "the property claims of the [California gold] miners moved through three levels--natural possession, customary rules, and formal laws. This manifests the general structure of Darwinian social order as the joint product of natural desires, cultural practices, and deliberate judgments." This is spontaneous order in a nutshell.