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The Role of Private Property in a Free Society
Originally published in Virginia Viewpoint
Collective ownership, or poorly defined and weakly enforced private property rights, leads to perverse incentives with regard to the use of scarce resources and insecurity with regard to investment in the improvement of those resources.
Collective ownership, or poorly defined and weakly enforced private property rights, leads to perverse incentives with regard to the use of scarce resources and insecurity with regard to investment in the improvement of those resources.
Read the article at the Virginia Institute for Public Policy.
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