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property

Also known as possession, property rights, exclusive posession, sole posession

thumb|Buildings of shops, hotels, and residences are prevalent forms of property. Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, rent, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of the property, the owner thereof has the right to properly use it under the granted property rights.

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Property is a system of legal rights that gives people control over valuable things—like buildings, land, or objects—and can also refer to those valuable things themselves. Depending on the type of property, owners typically have various rights such as using, selling, renting, or giving away their property, as well as the right to prevent others from using it.

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P8168: Bromley Contingent

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~51 min read

Article

31 sections

Contents

Overview
Types of property
Related concepts
Violation
Miscellaneous action
Issues in property theory
Principle
Ownership
Government interference
Theories
Property in philosophy
Ancient philosophy
Medieval philosophy
Thomas Aquinas (13th century)
Modern philosophy
Thomas Hobbes (17th century)
James Harrington (17th century)
Robert Filmer (17th century)
John Locke (17th century)
David Hume (18th century)
Adam Smith
Karl Marx
Charles Comte: legitimate origin of property
Pierre-Joseph Proudhon: property is theft
Frédéric Bastiat: property is value
Andrew J. Galambos: a precise definition of property
Contemporary views
See also
References
Bibliography
External links

In economics and political economy, there are three broad forms of property: private property, public property, and collective property (or cooperative property). Property may be jointly owned by more than one party equally or unequally, or according to simple or complex agreements; to distinguish ownership and easement from rent, there is an expectation that each party's will with regard to the property be clearly defined and unconditional.. The parties may expect their wills to be unanimous, or alternatively each may expect their own will to be sufficient when no opportunity for dispute exists.