Quotation of the Day…

by Don Boudreaux on August 15, 2014

in Property Rights

… is from page 21 of Richard Stroup’s wonderful 2003 book, Eco-nomics: What Everyone Should Know About Economics and the Environment:

Very simply, property rights hold people accountable.  When people treat property negligently or carelessly, its value decreases.  When they treat it with care, its value increases.


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