It’s vital not to forget Joseph’s wonderfully put and absolutely correct argument that private property is the only method by which people can peacefully interact and allocate scarce resources. It would be odd indeed if we ignored the volumes of work, such as Human Action or Man, Economy, and State, showing how and why property rights are important, indeed necessary, for a functioning and prosperous society. Still, it would be similarly odd if we ignored the volumes of work explaining why people have an inherent moral right to private property, such as The Ethics of Liberty or Two Treatises of Government.
Before answering if there is good reason to respect private property beyond just consequential considerations, we have to ask, is there good reason to respect individual sovereignty beyond just consequential considerations? It seems evident that there is. Arguably the entire libertarian and anarchist project is predicated on the idea of a certain moral worth that each individual is entitled to, by their very nature, which makes states and oppressive hierarchies unjust.
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