Malcolm Lavoie — Why Are Property Rights So Important?

Alex Aragona speaks with Malcolm Lavoie about the importance of property rights to decentralization and the use of resources, and discusses how FA Hayek's work plays a part in understanding this connection.  References from Episode 51 with Malcolm Lavoie: You can read Malcolm Lavoie’s paper “Property and Local Knowledge”, which is referenced throughout the podcast, at this link. You can read FA Hayek’s essay “The Use of Knowledge in Society” on EconLib here You can purchase FA Hayek’s book, Law, Legislation, and Liberty, on Amazon Canada at this link.