Welcome Guest

Property

Posted on: August 23, 2017 at 11:37:51 CT
pickle MU
Posts:
265879
Member For:
25.81 yrs
Level:
User
M.O.B. Votes:
0
Man is born naked into the world, and needing to use his mind to learn how to take the resources given him by nature, and to transform them (for example, by investment in "capital") into shapes and forms and places where the resources can be used for the satisfaction of his wants and the advancement of his standard of living. The only way by which man can do this is by the use of his mind and energy to transform resources ("production") and to exchange these products for products created by others. Man has found that, through the process of voluntary, mutual exchange, the productivity and hence the living standards of all participants in exchange may increase enormously. The only "natural" course for man to survive and to attain wealth, therefore, is by using his mind and energy to engage in the production-and-exchange process. He does this, first, by finding natural resources, and then by transforming them (by "mixing his labor" with them, as Locke puts it), to make them his individual property, and then by exchanging this property for the similarly obtained property of others. The social path dictated by the requirements of man's nature, therefore, is the path of "property rights" and the "free market" of gift or exchange of such rights. Through this path, men have learned how to avoid the "jungle" methods of fighting over scarce resources so that A can only acquire them at the expense of B and, instead, to multiply those resources enormously in peaceful and harmonious production and exchange.

https://mises.org/sites/default/files/Anatomy%20of%20the%20State_3.pdf

Edited by pickle at 11:38:31 on 08/23/17
Report Message

Please explain why this message is being reported.

REPLY

Handle:
Password:
Subject:

MESSAGE THREAD

Property - pickle MU - 8/23 11:37:51
     Given unlimited resources this babble might make sense.. - catbirdseat MU - 8/23 11:46:21
          I'm glad you finally came back to this - pickle MU - 8/23 11:54:25
     who's property is the unemployment checks you get?(nm) - Fire Marshall Bill MU - 8/23 11:39:38




©2024 Fanboards L.L.C. — Our Privacy Policy   About Tigerboard