History of Property(2 pages)
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History of Property
- Lecture number:
- Lecture Note
- Cornell University
- Econ 4040 - Economics and the Law
Unformatted text preview:
Lecture 3 Outline of Last Lecture I. Mathews vsMassell II. Tilton vs Richardson III. There is no such thing as a free lunch Outline of Current Lecture I. History of Property II. Modern Questions of Property Law III. Edwards vs Sims IV. United States vsCausby Current Lecture Traditional Rights to Property Use, exclusion, transfer Early history of privatization- not necessary given the wandering of animals and hunting and gathering society As farming society increased- common law began to regulate the use of land privatization like how property rights are assigned and when they should be limited Example: who owns a roaming deer on a piece of property- does property shift hands as the deer enters another neighboring yard? Image property- who has the right to use the images of Tiger Woods- does he have privacy rights? Does Nike as his sponsor have rights to the images? Does the NYTimes who took his picture have rights to his image? Rights to transfer and sell organs? Hair, eggs, and non organs can be sold and used as transfers between individuals whereas it is illegal to sell a kidney despite the large market Security issues- right to sell a vote or an identity is illegal Having the right to abandon property when it is too costly to maintain? Edwardsvs Sims Edwards owns a piece of land that has the only entrance to a cave on his property and developed it as a tourist attraction Econ 4040 1st Edition
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