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A Liberal Theory of Property

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Property enhances autonomy for most people, but not for all. Because it both empowers and disables, property requires constant vigilance. A Liberal Theory of Property addresses key questions: how can property be justified? What core values should property law advance, and how do those values interrelate? How is a liberal state obligated to act when shaping property law? In a liberal polity, the primary commitment to individual autonomy dominates the justification of property, founding it on three pillars: carefully delineated private authority, structural (but not value) pluralism, and relational justice. A genuinely liberal property law meets the legitimacy challenge confronting property by expanding people's opportunities for individual and collective self-determination while carefully restricting their options of interpersonal domination. The book shows how the three pillars of liberal property account for core features of existing property systems, provide a normative vocabulary for evaluating central doctrines, and offer directions for urgent reforms.

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  • Shows why the justification and legal architecture of property must be examined in tandem
  • Develops a theory of property that accommodates seemingly conflicting normative commitments
  • Offers coherent liberal proposals relevant to ongoing legal reform debates
Author: Dagan Hanoch
Publisher: CAMBRIDGE UNIVERSITY PRESS
Pages: 344
ISBN: 9781108407533
Cover: Paperback
Edition Number: 1
Release Year: 2020

Preface:
1. Liberal property
2. Some basics
3. Autonomy and private authority
4. Property's structural pluralism
5. Property's relational justice
6. Making property law
7. Just markets
8. Property transitions
9. Afterword
Notes.

Hanoch Dagan is one of the world's leading private law theorists. He is the Stewart and Judy Colton Professor of Legal Theory and Innovation and former dean of the Tel Aviv University Faculty of Law. Dagan has written five books across the landscape of private law topics and has published over seventy articles in major law reviews and journals. His most recent book is Reconstructing American Legal Realism and Rethinking Private Law Theory (2013).

Michael Heller is one of America's leading authorities on property. He is the Lawrence A. Wien Professor of Real Estate Law and former Vice Dean for Intellectual Life at Columbia Law School. In The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives (2008), Heller sets out a market paradox that he discovered: private ownership usually creates wealth, but too much ownership has the opposite effect - it creates gridlock.

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