Private Rights to Property: Endnotes

Private Rights to Property
by John W. Allen

1 Michael Novak, The Spirit of Democratic Capitalism, New York: Simon and Schuster, 1982, p. 57.
2 Friedrich A. Hayek, The Road to Serfdom, Chicago: University of Chicago Press, 1944, p. x.

Property Rights and the Role of Government
1 John Locke, Two Treatises on Government, Second Treatise, ed. Peter Laslett, London: Cambridge University Press, 1960, p. 368.
2 Joseph Storey, Wilkinson v. Leland, 27 U.S. (2 Pet) 627, 657 (1829).
3 Bernard H. Siegan, “The Law of the Land,” Private Rights and Public Lands, ed. Phillip N. Truluck, Washington, D.C.: The Heritage Foundation, 1983, pp. 11-15.
4 For an excellent, comprehensive history tracing the Supreme Court’s treatment of economic liberties, see Bernard H. Siegan, Economic Liber-ties and the Constitution, Chicago: University of Chicago Press, 1980.
5 William O. Douglas, Beauharnis v. Illinois, 343 U.S. 250, 286 (1952).
6 Hugo Black, Cities Service Co. v. Peerless Co., 340 U.S. 179, 189 (1950).
7 Aaron Director, “The Parity of the Market Place,” The Journal of Law and Economics, Vol. VII, Oct. 1964, p. 6.
8 Lynch v. Household Finance, 405 U.S. 538 (1971).
9 Jeremy Bentham, Manual of Political Economy,” in Jeremy Bentham’s Economic Writings, ed. W. Stark, London: Allen & Unwin, 1952, p. 229.
10 Milton and Rose Friedman, Free to Choose, New York: Harcourt Brace Jovanovich, 1980, p. 27.

Economic Systems
1 Friedman, op. cit. p. 37.

Property Rights
1 Karl Marx and Friedrich Engels, Communist Manifesto, New York: International Publishers Co., Inc., 1948, p. 23.
2 This section draws on the writings of many authors. I am especially indebted to Alchian, Buchanan, Demsetz, Furubotn, McKenzie, Pejovich and Tullock. For a more in-depth discussion, the following are recom-mended:
Armen Alchian and Harold Demsetz, “The Property Right Paradigm,” Journal of Economic History, March 1973, pp. 16-27.
James M. Buchanan, The Limits of Liberty, Chicago: University of Chicago Press, 1975, pp. 210.
Richard B. McKenzie and Gordon Tullock, Modern Political Economy, New York: McGraw-Hill Book Company, 1978, pp. 610.
Eirik G. Furubotn and Svetozar Pejovich, Property Rights and Economic Theory: A Survey of Recent Literature,” Journal of Economic Literature, October 1972, pp. 1137-1162.

Private Property Rights and Freedom
1 Hayek, op. cit. pp. 103-104.
2 Friedrich A. Hayek, The Constitution of Liberty, South Bend, Ind.: Gateway, 1972, p. 11.
3 Hayek ibid. p. 133.
4 Alexander Hamilton, James Madison and John Jay, The Federalist Papers, New York: New American Library, Inc., 1961, p. 472.
5 Hayek, ibid. pp. 103, 141.

Private Property Rights and Prosperity
1 Frederic Bastiat, Selected Essays on Political Economy, trans. Seymour Cain, Princeton, N.J.: D. Van Nostrand Co., Inc., 1964, p. 99.
2 Friedman, op. cit. p. 60.
3 P. T. Bauer, Dissent on Development, London: Weidenfeld and Nicolson, 1971, p. 75.
4 Friedman, op. cit. p. 11.
5 Thomas Jefferson, First Inaugural Address, (1801).

Property Rights and Economic Behavior
l Aristotle, quoted in Will Durant, The Life of Greece, New York: Simon and Schuster, 1939, p. 533.
2 Alchian, op. cit. p. 19.
3 Gary D. Libecap, Locking up the Range: Federal Land Controls and Grazing, Cambridge, Mass.: Ballinger Publishing Co., 1981, p. 128.
4 It is not within the scope of this discussion to treat this matter in any greater detail. For more information see Dwight R. Lee, Environmental Versus Political Pollution, Los Angeles: International Institute for Economic Research, September 1982, pp. 23.
5 Hedrick Smith, The Russians, New York: Ballentine Books, 1976, p. 266. 6 Douglass C. North, The Rise of the Western World: A New Economic History, Cambridge, England: Cambridge University Press, 1973, p. 171.

Private Property Rights and Social Harmony
1 Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, New York: Random House, Modern Library Edition, 1937, p. 14.
2 Marquis de Condorcet, Esquisse d’un tableau historique des progres de l’esprit human, Paris: Editions Sociales, 1966, p. 238.

Private Versus Public Property Rights
1 Paul Johnson, “Has Capitalism a Future,” Wall Street Journal (September 29, 1978), p. 24.
2 That such groups be given title to some of these lands was first suggested by John Baden and Richard Stroup. See their article, Saving the Wilderness: A Radical Approach,” Reason, July 1981, pp. 28-36.
3 Baden, op. cit. p. 34.
4 Baden, op. cit. p. 30.
5 For an excellent treatment of this subject and many examples of bureaucratic mismanagement, see John Baden and Richard L. Stroup, eds., Bureaucracy vs. Environment: The Environment Costs of Bureaucratic Governance, Ann Arbor: The University of Michigan Press, 1981, p. 238. See also, Manhattan Institute of Policy Research, “Privatizing Public Lands,” Manhattan Report, May 1982, p. 2.
6 For more details on this legislation, see Richard B. McKenzie, The Right to Close Down, Los Angeles: International Institute for Economic Research, 1982, pp. 40.

Real Estate Center: Dr. Richard L. Floyd, director. Advisory Committee: James L. Fatheree, Jr., Richmond, chairman; Patsy Bohannan, Midland; Guy Chipman, Jr., San Antonio; David L. Fair, Dallas; Doris Farmer, Longview; William C. Jennings, Sr., Fort Worth; Fred McClure, Washington, D.C.; Benny McMahan, Dallas; David L. Stirton, Houston; and James N. Johnson, Tyler, ex-officio representing the Texas Real Estate Commission.

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