Madeleine Flannagan argues that submerging propery rights under land use regulation creates disaster like submerging water with oil
It is not commonly recognised how seriously land use legislation such as the Resource Management Act has impaired property rights. The common law tradition esteems property rights much more highly and strongly than is recognised today.
Although economics is required to analyse how private property rights and tort law better address the complex issues related to conflicts of natural resource use, it is very helpful to recognise the quality and strength of legal rules developed and instituted at common law, under the influence of natural law theory, to protect property rights.
My friend Madeleine Flannagan has posted a 2 part series that addresses these issues directly and forcefully, and I highly recommend these posts to my readers.
Its Been a Pretty Good Year at the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics - |Peter Boettke| A year ago this upcoming August, we moved into our new dedicated space in Mason Hall on the George Mason University campus in Fairfax. The sp...
2 hours ago