• Video

Common Law and the State of Nature

How does the social contract work? Professor Richard Epstein of NYU School of Law gives an overview of the transition from the state of nature to the state. In this series on the Common Law, Professor Epstein provides an alternative to the conventional view that property rights are arbitrarily created by the state, and therefore can be changed at will by the state. A few simple rules, he argues, are universal principles of social organization, consistent across time and culture, which form the basis of social gains. https://youtube.com/watch?v=ozHXBHk5RAo

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