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

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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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HMW Lesson 4: Property Rights

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From the years 1800-2000 real GDP per capita has not increased much.
- True
- False

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

John Locke

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

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Who Owns What? - How To Save A Dying Ocean

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

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PDF

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

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

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PDF

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

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