Download This PaperThe Creation of Knowledge in Society: Waste Defined by Property and Exchange
Independent Institute Working Paper Number 82
7 Pages Posted: 2 Aug 2017
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The Creation of Knowledge in Society: Waste Defined by Property and Exchange
The Independent Review: A Journal of Political Economy, Forthcoming.
Number of pages: 23
Posted: 19 Dec 2022
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Date Written: July 25, 2017
Abstract
First-user appropriation of private property is defensible on several grounds, and it meets Locke’s “enough, and as good” proviso by actually providing “more, and better” and by creating an institutional context in which objects can be defined as goods. This essay considers Locke’s prohibition against waste and argues that private property and exchange also allow us to define what it means for something to be “wasted” by conveying useful knowledge about alternative uses of resources to their owners.
Keywords: Property Rights
Suggested Citation: Suggested Citation
Carden, Art, The Creation of Knowledge in Society: Waste Defined by Property and Exchange (July 25, 2017). Independent Institute Working Paper Number 82, Available at SSRN: https://ssrn.com/abstract=3010356 or http://dx.doi.org/10.2139/ssrn.3010356
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