Lesson 4 Lesson 4: Property Rights
Presented by: Dr. Tawni Ferrarini
Northern Michigan University
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.
Being all equal and independent, no one ought to harm another in his life, health, liberty, or possessions.
The Power of Property Rights with Dr. Tom W. Bell and Learn LibertyPlay Now
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Milton Friedman - The Four Ways to Spend Money (Free To Choose Network)Play Now
James Gwartney et al., Common Sense Economics, pp. 34-43, 49-64Read Now
John Locke, The Enhanced Edition of John Locke’s Two Treatises of Civil Government, pp. 206-214Read Now
Armen Alchian, “Property Rights,” The Concise Encyclopedia of EconomicsRead Now