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Abstract

In the previous chapter, I quoted Hume’s claim that the law of property is, at root, a convention that has evolved spontaneously — that ‘arises gradually, and acquires force by a slow progression, and by our repeated experience of the inconvenience of transgressing it’ (Hume, 1740, Book 3, Part 2, Section 2; and Section 3.4 above). In this chapter and the next, I shall ask whether Hume could be right: I shall ask whether, in the absence of any formal system of law, self-enforcing rules of property could evolve out of the interactions of individuals concerned only with their own interests.

Keywords

Stable Equilibrium Pure Strategy Equilibrium Strategy Good Reply Persistence Time 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Robert Sugden 2005

Authors and Affiliations

  • Robert Sugden
    • 1
  1. 1.University of East AngliaUK

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