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Labor Theory of Property
Homesteading and the Loss of Subjective Value
Originally published in Libertarian Papers
The theory of homesteading as a means for property rights formation is one that favors production over consumption and denies the subjectivity of value.
Murray Rothbard, in his The Ethics of Liberty, attempts to derive property ownership from the act of homesteading. Under this system, property is claimed through the act of mixing one’s labor with it. However, the theory of homesteading as a means for property rights formation is one that favors production over consumption and denies the subjectivity of value.
Read the full article at Libertarian Papers.
Citation (Chicago Style).
Duncan, Thomas K. "Labor Theory of Property: Homesteading and the Loss of Subjective Value." Libertarian Papers, 3, no. 22, (2011).
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