Property rights serve as a fundamental convention that evolves over time to facilitate economic goals, and according to the Austrian School of Economics, they are essential for building civilization and enabling the division of labor.
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Property Rights and CivilizationAjouté :
Mises makes the argument that property rights are are an important convention that evolve over time as people discover that hey look, property rights and claims to titles, these are things that make it more possible, it makes it a little easier for me to achieve economic goals. Well, another faction or another part of the Austrian school if you will, really embodied by Murray Rothbard, envisions property rights as a part of a natural rights order. And I think that both of these things can be true at the same time, but really it's that defense of property rights in order to build civilization, in order to build a division of labor.
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