Work

The entrepreneurial theory of ownership

Year: 2024

Type: article

Abstract: This paper introduces a theory of ownership that is rooted in Israel Kirzner’s theory of entrepreneurship – The Entrepreneurial Theory of Ownership. Its central idea is that natural resources are not available to us automatically as other approaches to justice implicitly assume. Before we can use a resource, we need to do preparatory work in the form of making an entrepreneurial judgement on it. This fact, as I argue, makes it possible to put private ownership as a natural right on a firm normative ground and answer many traditional challenges to private property.

Source: Economics and Philosophy

DOI: 10.1017/s0266267124000087

Author: Sergei Sazonov

Institutions: University of Tartu, New York University

Language: English

Topic: Political Philosophy and Ethics

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $3,450