Thursday, July 19, 2007

Hi. I'm still here.

But enough about me, here:
Although we often hear that the Indians knew nothing of private property, their actual views of property varied across time, place, and tribe. When land and game were plentiful, it is not surprising that people exerted little effort in defining and enforcing property rights. But as those things became more scarce, Indians appreciated the value of assigning property rights in (for example) hunting and fishing.

In other words, the American Indians were human beings who responded to the incentives they faced, not cardboard cutouts to be exploited on behalf of environmentalism or any other political program.

Were American Indians Really Environmentalists? by Thomas E. Woods.

BTW, Economics is about the use of scarce resources. Money is just one of them and you don't see the best economists forgetting that.

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