An Introduction to Property Theory by Gregory S. Alexander, Eduardo M. Peñalver
By Gregory S. Alexander, Eduardo M. Peñalver
This ebook surveys the prime smooth theories of estate – Lockean, libertarian, utilitarian/law-and-economics, personhood, Kantian and human flourishing – after which applies these theories to concrete contexts within which estate concerns were particularly arguable. those comprise redistribution, the suitable to exclude, regulatory takings, eminent area and highbrow estate. The ebook highlights the Aristotelian human flourishing conception of estate, delivering the main complete and available advent to that thought so far. The book's objective is neither to hide each a possibility idea nor to debate each attainable aspect of the theories coated. as a substitute, it goals to make the main estate theories understandable to novices, with out sacrificing accuracy or sophistication. The ebook could be of specific curiosity to scholars looking an obtainable creation to modern theories of estate, yet even experts will enjoy the book's lucid descriptions of latest debates.
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Additional resources for An Introduction to Property Theory
Second, the coherence of well-being extends temporally as a pattern of cultivation and enjoyment of particular goods over the course of one’s life. 68 This integrity will sometimes make it impossible to substitute one good for another. For example, someone who has committed her life to the mastery of a particular art form cannot flourish if, at the apex of her career, we destroy her finest productions. Her loss will be tragic and irreparable, no matter how much money or pleasure or preference satisfaction we give her in a misguided effort at compensation.
The Incompleteness of Utility The standard utilitarian and welfarist models of human well-being also have some shortcomings. For the utilitarian, a commitment to a unitary measure of value means that goods are always substitutable; the challenge is simply in determining the proper rate of exchange. The more multivalent concepts of human well-being at work within other property theories, however, recognize that individuals or groups experience the components of that well-being in ways that defy substitution.
Are rational actors), what powers Hardin’s model is the mismatch between the benefits of consuming the commons, which are enjoyed exclusively by those self-interested individuals, and the costs of its consumption, which are shared with all other users. Individual rational actors maximize their private gains by consuming the commons even when that consumption generates more costs than benefits overall. , that are external to) the actor’s private costbenefit analysis. Externalities provide another lens through which to view the commons tragedy.