Cafe Hayek
by Don Boudreaux on October 3, 2009
in Complexity & Emergence, Everyday Life, Property Rights
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Here’s one of the many unsung ways in which private property rights are enforced and protected decentrally — or, put differently, ways in which free-rider problems are mitigated largely through private, individual, localized actions instead of through command-and-control legislation, taxation, or subsidization.
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