Quote of the Day: private property is an arrow

[timelets]

Locke establishes the essential foundation of a system of private property rights—a one-to-one mapping between individual people and discrete economic resources.*

*The idea of a one-to-one mapping, which I [R.P. Merges] will refer to often, is derived from Jeremy Waldron’s description of private property as a system based on “name/ object correlation.” Waldron says: “In a private property system, a rule is laid down that, in the case of each object, the individual person whose name is attached to that object is to determine how the object shall be used and by whom.” Jeremy Waldron, The Right to Private Property 39 (Oxford: Oxford Univ. Press, 1988).

quoted from R.P. Merges, Justifying Intellectual Property. 2011.

f: resource -> name