Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Principles in Ethics and Property

Posted by Jesse on October 27, 2008

The Economics and Ethics of Private Property by Hans Herman Hoppe

(Review: by David Gordon)

"Do not steal" is an excellent principle of ethics; it is also the first principle of sound economic systems. Hans-Hermann Hoppe elaborates on the sociological implications of this truth. And this is his great work on the topic.

[my notes on this 16 min video intro by the author Hans Herman Hoppe]

central themes of the book

·economics as a moral science.

private property has almost disappeared from economics, although its still an implicit concept by the very nature of exchange.

·attempt to reintegrate ethics and economics; there is a difference between value free positive economics and ethics as a normative discipline (theoretical and applied examples)

[axiomatic ethics: a priori of argumentation, i.e., denying argumentation is impossible. economics (mises): axiom of action, i.e., not acting is acting]

Ethics assumes the ideal of avoiding or mitigating conflict

Scarce resources requires rules of exclusivity

  1. Self Ownership is fundamental
  2. Right to unowned resources
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