"The reason this institution [of private property] leads to the greatest possible production of wealth is straightforward. Any deviation from this set of rules implies, by definition, a redistribution of property titles (and hence of income) away from user-producers and contractors of goods and onto non-user-producers and noncontractors. As a consequence, any such deviation implies that there will be relatively less original appropriation of resources whose scarcity is realized, there will be less production of new goods, less maintenance of existing goods, and less mutually beneficial contracting and trading. This naturally implies a lower standard of living in terms of exchangeable goods and services. Further, the provision that only the first user (not a later one) of a good acquires ownership assures that productive efforts will be as high as possible *at all times.* Further, the provision that only the physical integrity of property (not property values) be protected guarantees that every owner will undertake the greatest possible *value*-productive efforts, i.e., efforts to promote favorable changes in property values and to prevent or counter any unfavorable changes in property values (as they might result from another personβs actions regarding his property). Thus, any deviation from these rules also implies reduced levels of value productive efforts at all times." - Hans-Hermann Hoppe, ***The Economics and Ethics of Private Property*** (2006) p. 332-333. 2nd ed. Ludwig von Mises Institute.
https://mises.org/library/book/economics-and-ethics-private-property
https://mises.org/austrian-economics-newsletter/justice-economic-efficiency-full-edition-vol-9-no-2-winter-1988
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