Class 1 – 1/12/17
From Nature to Commons
- Johnson v. M’Inotsh, 3-10
- Notes and Questions, 10-18
- Toward a Theory of Property Rights, 40-46
Hello everyone and welcome to Property I.
Today we will cover property rights created through discovery or conquest with the case of Johnson v. M’Intosh.
During class, I will type in real time the lecture notes on this document.
This is Chief Justice John Marshall (very nice sideburns):
This is Hugo Grotius (has a Shakespeare thing going for him–he was Dutch):
This is Samuel Pufendorf (nice wig):
Here is a map of the land at issue in Johnson.
This is Harold Demsetz:
This is Ronald Coase. He died in 2013 at the age of 100!