Richard Pipes - WikiquoteProperty , in the abstract , is what belongs to or with something, whether as an attribute or as a component of said thing. In the context of this article, it is one or more components rather than attributes , whether physical or incorporeal , of a person's estate ; or so belonging to, as in being owned by, a person or jointly a group of people or a legal entity like a corporation or even a society. Depending on the nature of the property, an owner of property has the right to consume , alter, share, redefine , rent , mortgage , pawn , sell , exchange , transfer , give away or destroy it, or to exclude others from doing these things,    as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it as a durable , mean or factor , or whatever , or at the very least exclusively keep it. In economics and political economy, there are three broad forms of property: private property , public property , and collective property also called cooperative property. Property that jointly belongs to more than one party may be possessed or controlled thereby in very similar or very distinct ways, whether simply or complexly, whether equally or unequally. However, there is an expectation that each party's will rather discretion with regard to the property be clearly defined and unconditional, [ citation needed ] so as to distinguish ownership and easement from rent. The parties might expect their wills to be unanimous , or alternately every given one of them, when no opportunity for or possibility of dispute with any other of them exists, may expect his, her, its or their own will to be sufficient and absolute.
Richard Pipes, Property and Freedom
PDF version. More on James Poulos. Enter your email address to receive occasional updates and previews from The New Atlantis. Follow The New Atlantis. The lights stayed on late — a beacon of industriousness. But as I quickly discovered, they rolled up the sidewalks by sundown. No matter how productive and wealthy its workers, downtown was a ghost town.
Look Inside. Jun 13, ISBN Dec 18, ISBN Richard Pipes, Harvard scholar and historian of the Russian Revolution, brings his remarkable erudition to an exploration of a wide range of national and political systems to demonstrate persuasively that private ownership has served over the centuries to limit the power of the state and enable democratic institutions to evolve and thrive in the Western world. Beginning with Greece and Rome, where the concept of private property as we understand it first developed, Pipes then shows us how, in the late medieval period, the idea matured with the expansion of commerce and the rise of cities. He contrasts England, a country where property rights and parliamentary government advanced hand-in-hand, with Russia, where restrictions on ownership have for centuries consistently abetted authoritarian regimes; finally he provides reflections on current and future trends in the United States. Property and Freedom is a brilliant contribution to political thought and an essential work on a subject of vital importance.
Losing Liberty in an Age of Access
Tags World History Private Property. Pipes has written a very good book, but he has made life difficult for me as a reviewer. He defends the importance of property rights throughout the book, but he does not argue systematically, in the style of his Harvard colleagues John Rawls and Robert Nozick. Rather, he presents a host of observations about property, putting to excellent use his wide erudition. How these observations fit together to make a coherent case is a question he leaves to the reader.
Prosperity and property rights are inextricably linked. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers. A private property system gives individuals the exclusive right to use their resources as they see fit. That dominion over what is theirs leads property users to take full account of all the benefits and costs of employing those resources in a particular manner. The process of weighing costs and benefits produces what economists call efficient outcomes. That translates into higher standards of living for all.