scholarly journals Property Rights with Respect to Modern Money: A Libertarian Justification

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Lennart B. Ackermans

Abstract The traditional Lockean justification of property rights has been argued to be no longer valid in a world in which much wealth does not derive from acquisitions of natural resources, and in which much property, such as money, is intangible. This means that libertarians need to reconsider whether and why property rights are justified for objects that fall outside of the scope of the Lockean justification. This paper gives a justification of property rights in relation to modern money, which uses the self-ownership principle as its central premise. Since modern money is a form of credit, I start with a justification of credit property rights. I then consider both money under gold convertibility and present-day fiat systems, showing that the justification of credit property rights remains valid under these conditions.

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Elsa Karino

Production is an activity to convert inputs into outputs through the transformation process. Input in the form of man, money, method, material, machine. While the output is in the form of goods or services. The purpose of production in general is to meet individual needs. There are several factors that influence production namely land and all economic potential that is processed and cannot be separated from the production process, labor is directly related to the demands of property rights through production, and capital, management and technology. In production there are various types of production, namely production which is intermittent and continuous. The production, if viewed from an Islamic perspective, it must fulfill the following principles. First, produce in a halal circle. Second, managing natural resources in production is interpreted as the process of creating wealth by utilizing natural resources must rely on the vision of the creation of this nature and along with the vision of human creation, namely as a blessing for all nature. Third, the Caliph on the earth is not only based on the activity of producing the usefulness of an item but work is done with the motive of benefiting to seek the pleasure of Allah SWT. Key Words: Production, Red Sugar, benefiting


Author(s):  
Kristin Haradsdottir

Social conflict in Iceland over property rights in natural resources has prompted a call for the introduction of a provision into the Constitution of Iceland declaring natural resources ‘the property of the nation’. The paper explores the social conflict concerning property rights in water and, based on recent proposals and recommendations for Constitutional amendments, the possible implications of such a Constitutional provision in light of existing water rights and how it accommodates the considerations raised.


2017 ◽  
Vol 93 ◽  
pp. 337-349 ◽  
Author(s):  
Thomas Sikor ◽  
Jun He ◽  
Guillaume Lestrelin

2019 ◽  
Vol 8 (1) ◽  
pp. 92-96
Author(s):  
Pratyusna Patnaik

Recent decades have witnessed an increased attention towards emergence of decentralized strategies in natural resource management, as a solution to problems of over exploitation and degradation of natural resources. However, it is important to note that central to the processes of decentralisation in natural resource management is that of the concept of property rights. Successful decentralisation in natural resource management requires effective institutions be in place at local level with clearly defined property rights. In this context, the present paper analyses the process of changing property rights in decentralized natural resources management. It explores different forms of property rights and answers the question as to which type of property rights must be devolved to the user groups, if decentralized natural resource management is to be effective and sustainable.


Fully Human ◽  
2019 ◽  
pp. 129-149
Author(s):  
Lindsey N. Kingston

Under pressure from sedentary majority populations, nomadic peoples face serious threats to their cultural survival and livelihood. Nomadic groups have long faced suspicion and discrimination—as illustrated by the ongoing marginalization of European Roma and Travellers, the Maasai of Tanzania and Kenya, and the Bedouin of the MENA region—and modern societies tend to see human rights, including the basic rights of freedom of movement and property rights, through a lens that privileges settlement. Indeed, nomadic peoples are often viewed with suspicion and excluded from the citizenry because they move “too much” and do not conform to majority views related to settlement, land use, and community membership. This bias leaves nomadic peoples without functioning citizenship in regard to state governments, who fail to understand their basic needs and perspectives. Resulting rights abuses center not only on rights to land and natural resources but also on cultural and political expression.


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