The hottest Property Rights Substack posts right now

And their main takeaways
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Top U.S. Politics Topics

Anatomy of Market Failure IV: Ostrom and Governance

Knowledge Problem • 137 implied HN points • 20 Sep 23
🔬 Science Market failure Property Rights Governance
  1. Property rights play a crucial role in discussions about market failure and influence institutional choices.
  2. Common-pool resources often have ill-defined property rights, leading to governance challenges but offering opportunities for diverse institutional solutions.
  3. Elinor Ostrom's work emphasizes the importance of recognizing and addressing ill-defined property rights to achieve effective environmental policy outcomes.

Constitutionalizing the Private Property Order

The Redneck Intellectual by C. Bradley Thompson • 314 implied HN points • 14 Feb 23
🇺🇸 U.S. Politics Constitution Property Rights Government Power Taxation
  1. America's revolutionary era brought about innovative constitutional thinking in the realm of individual rights and the relationship between individuals and government.
  2. The concept of self-ownership was strongly upheld by the founding generation, with property rights viewed as absolute and a primary responsibility of government was to protect those rights.
  3. The founding generation emphasized the need to limit government powers to protect private property and contracts, institutionalize due process, and prevent abuse such as bills of attainders and ex post facto laws.

Detroiters Are Paying Speculators' Property Taxes

The Chargeback • 78 implied HN points • 16 Oct 23
🇺🇸 U.S. Politics Taxation Property Rights
  1. The City of Detroit is proposing a land value tax to address the issue of Detroiters paying speculators' property taxes.
  2. Current property tax systems benefit owners of unused or dilapidated properties over those with occupied homes in good condition.
  3. Implementing a land value tax could shift the burden of property taxation away from Detroiters to speculators.

Trial By Battle

Economic Forces • 4 implied HN points • 07 Mar 24
🔬 Science Economics Property Rights Negotiation
  1. In 11th and 12th century England, property disputes were settled through trial by battle, where champions fought for the parties. The process was a mechanism that revealed the true valuations of the property, encouraging settlements based on disclosed information.
  2. The hiring of champions in trial by battle reflected a market system where those valuing the land more were willing to pay higher prices for victory. This 'violent auction' reduced transaction costs and led to negotiations that allocated property to those who valued it most.
  3. Trial by battle, an apparently barbaric practice, can be understood through price theory to show how negotiations, based on revealed valuations during champion hiring, facilitated the resolution of property disputes. The practice was not ultimately about the battle itself, but about revealing the true worth of the property to incentivize settlements.
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Housing Is Scarce Because Property Rights Are Weak

Cornerstone • 0 implied HN points • 08 Dec 23
🇺🇸 U.S. Politics Housing Property Rights Supreme Court Zoning Affordability
  1. Housing scarcity can be linked to weak property rights, like the Supreme Court decision on zoning.
  2. The Supreme Court decision in 1926 upheld single-family zoning, prioritizing certain privileges for exclusive neighborhoods.
  3. The opinion reflected class prejudice and focused on spurious arguments about traffic, still relevant in housing advocacy today.

Of Homo Economicus and Superintelligence

Joshua Gans' Newsletter • 0 implied HN points • 21 Dec 15
🔬 Science AI Regulation Economics Property Rights Policy
  1. Bostrom's work on superintelligence explores the challenges of regulating AI and the potential risks it poses to humanity, raising crucial questions about AI's impact and our ability to control it.
  2. Economic theories suggest that co-existence with superintelligences may be possible, with the concept of general equilibrium offering insights into managing interactions and maintaining balance.
  3. Policy considerations such as property rights, violence prevention, and AI self-regulation can play key roles in shaping a future where superintelligences and humans can coexist peacefully.