Private Property and State Power

"Individual freedom and economic prosperity depend on clearly defined and secure private property rights. Without government to define and enforce such rights, a system of private property is not possible on a large scale. At the same time, government power and oversight can provide constant threats to private property rights, leading to a sometimes contentious relationship between the interests of the individual and the state. Based on the premise that private property is important to both individual welfare and the public interest, Private Property and State Power provides an intellectual framework, accessible to an educated lay audience including government officials, for the analysis and resolution of contemporary property rights disputes--detailing the best practices for a strong system of property rights in the context of effective government. "-- "Individual freedom and economic prosperity depend clearly defined and secure private property rights. Without government to define and enforce such rights, a system of private property is not possible on a large, economy-wide scale. At the same time, the immense powers of government are a constant threat to private property rights. Understanding the nature of property, its philosophical justifications, the economics of scarce resource allocation, and the role of the state in relation to property will allow us to better resolve the ongoing legal and policy debates about the proper role of private property in the 21st century"--