Fitzpatrick, Daniel; Barnes, Susana
This article explores two propositions in the literature on rules of possession. The first is that rules of first possession may form the basis for "spontaneous order." The article argues that this Hayekian proposition must take into account the relationship between property and authority, including the potential for social disorder when competition for possession combines with competition for public authority. The second is that simple rules of possession provide a baseline response to the...[Show more]
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