Chapter

Property

Ekkehart Schlicht

in On Custom in the Economy

Published in print March 1998 | ISBN: 9780198292241
Published online November 2003 | e-ISBN: 9780191596865 | DOI: http://dx.doi.org/10.1093/0198292244.003.0012
 Property

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The theory of property proposed by David Hume can be interpreted as an application of the theory developed in this book. The tension between instrumental and moral aspects of property can be traced to principles of clarity. Hume's theory is outlined, discussed from an ethological perspective, and related to the theory of property rights. The tension between ‘moral’ and ‘instrumental’ aspects of property is particularly pronounced in long‐term contracts.

Keywords: accession; adverse possession; contracts; David Hume; occupation; ownership; prescription; property; property rights; succession

Chapter.  14712 words. 

Subjects: Microeconomics

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