Lesson 4: Property Rights | Intercollegiate Studies Institute

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How Markets Work
5 Units 3H 45M

Lesson 4 Lesson 4: Property Rights

Presented by: Dr. Tawni Ferrarini
Northern Michigan University

Playlist

Government Institutions and Property Rights

What role should government play in economics? In this lesson, you will learn how market economies need government institutions to enforce property rights, and how a person’s ability to own and exercise control over property determines how well markets function.

Lesson Four Quiz

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Being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions.

John Locke

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Video

The Power of Property Rights with Dr. Tom W. Bell and Learn Liberty

Video

Who Owns What? - How To Save A Dying Ocean

Video

Milton Friedman - The Four Ways to Spend Money (Free To Choose Network)

PDF

James Gwartney et al., Common Sense Economics, pp. 34-43, 49-64

PDF

John Locke, The Enhanced Edition of John Locke’s Two Treatises of Civil Government, pp. 206-214

PDF

Armen Alchian, “Property Rights,” The Concise Encyclopedia of Economics

Now Starting Lesson 5: Legal Institutions

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