Thursday, November 27, 2014

Volokh Conspiracy: Private property and the Pilgrims


Washington Post  "There is much to be thankful for on Thanksgiving. One lesson of the holiday that we should try not to forget is how the Pilgrims were saved from starvation and misery by private property rights. Economist Benjamin Powell summarizes the story here:" ..
...Faced with potential starvation in the spring of 1623, the colony decided to implement a new economic system. Every family was assigned a private parcel of land. They could then keep all they grew for themselves….
 Ilya Somin is Professor of Law at George Mason University. His research focuses on constitutional law, property law, and popular political participation. He is the author of "The Grasping Hand: Kelo v. City of New London and the Limits of Eminent Domain" (forthcoming) and "Democracy and Political Ignorance: Why Smaller Government is Smarter."

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