Tuesday, 21 September 2021

"The purported conflict between property rights and human rights is a mirage—property rights *are* human rights."


"For decades social critics in the United States and throughout the Western world have complained that 'property' rights too often take precedence over 'human' rights, with the result that people are treated unequally and have unequal opportunities. Inequality exists in any society. But the purported conflict between property rights and human rights is a mirage—property rights are human rights."
          ~ Armen Alchian, from his entry on 'Property Rights' in The Concise Encyclopaedia of Economics
[Hat tip Stephen Hicks]

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