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Undermining Voluntary Property Arrangements

Should the government be involved in property arrangements between private individuals? In this episode, a continuation of a discussion of core principles of Property Law, Professor Richard Epstein of NYU School of Law discusses rent control laws and how to optimize leasing arrangements between parties. 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=EqcMSEf70dM

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