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79-639: Safeco was founded in 1923 by Hawthorne Kingsbury Dent (1880-1958) as the General Insurance Company of America , a property and casualty insuring company, with a headquarters in Downtown Seattle at the corner of University Street and Fourth Avenue. In 1936, it moved to the eight-story Brooklyn Building at the corner of N.E. 45th Street and Brooklyn Avenue N.E. in the University District, Seattle . In 1953, it formed

158-498: A claim right. So a person's liberty right of walking extends precisely to the point where another's claim right limits his or her freedom. In one sense, a right is a permission to do something or an entitlement to a specific service or treatment from others, and these rights have been called positive rights . However, in another sense, rights may allow or require inaction, and these are called negative rights ; they permit or require doing nothing. For example, in some countries, e.g.

237-896: A consortium of museums, the Washington Art Consortium. Safeco held the naming rights to the Seattle Mariners ' baseball stadium from its opening in July 1999 through the 2018 season. The company also sponsored the Safeco Classic , a women's professional golf tournament on the LPGA Tour from 1982 through 1999 ; it was held in September at the Meridian Valley Country Club in  Kent . Property Property

316-471: A nuisance, or another tort has been held a taking of property where the conduct was sufficiently persistent and severe. There exist many theories of property. One is the relatively rare first possession theory of property , where ownership of something is seen as justified simply by someone seizing something before someone else does. Perhaps one of the most popular is the natural rights definition of property rights as advanced by John Locke . Locke advanced

395-425: A person has a claim right against someone else, then that other person's liberty is limited. For example, a person has a liberty right to walk down a sidewalk and can decide freely whether or not to do so, since there is no obligation either to do so or to refrain from doing so. But pedestrians may have an obligation not to walk on certain lands, such as other people's private property, to which those other people have

474-418: A possessory interest or legal title in that thing. This mediating relationship between individual, property, and State is called a property regime. In sociology and anthropology , property is often defined as a relationship between two or more individuals and an object, in which at least one of these individuals holds a bundle of rights over the object. The distinction between collective and private property

553-449: A resource based on the practical inability to contradict the ends of the possessor. The second title is the expectation that others will recognize rights to control resources, even when not in possession. He elaborates on the differences between these two concepts and proposes a history of how they came to be attached to persons, as opposed to families or entities such as the church. Both communism and some forms of socialism have also upheld

632-433: A scarcity justification, since the things don't have the exclusivity property (however, those who support a scarcity justification may still support other "intellectual property" laws such as Copyright , as long as these are a subject of contract instead of government arbitration). Thus even ardent propertarians may disagree about IP. By either standard, one's body is one's property. From some anarchist points of view,

711-422: A single party at a time, or a single party in a divisible context, if owned or used. Thus far or usually, those are not considered property, or at least not private property, even though the party bearing right of exclusive use may transfer that right to another. In many societies the human body is considered property of some kind or other. The question of the ownership and rights to one's body arise in general in

790-557: A subsidiary, the "Selective Auto and Fire Insurance Company of America," or SAFECO. General Insurance began to sell life insurance in 1957. In 1968, it changed its name from the General Insurance Company of America to Safeco Corporation. Around the same time the company began to offer mutual funds and commercial credit, though precursors to the Safeco Funds had been around since the 1930s. Safeco replaced

869-431: Is goodness?" and "How can we tell what is good from what is bad?", seeking to understand the nature of ethical properties and evaluations. Rights ethics is an answer to the meta-ethical question of what normative ethics is concerned with (meta-ethics also includes a group of questions about how ethics comes to be known, true, etc. which is not directly addressed by rights ethics). Rights ethics holds that normative ethics

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948-435: Is a great property, there is great inequality … Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all. In his 1881 text "The Common Law", Oliver Wendell Holmes describes property as having two fundamental aspects. The first, possession, can be defined as control over

1027-409: Is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, rent, sell, exchange, transfer, give away, or destroy it, or to exclude others from doing these things, as well as to perhaps abandon it; whereas regardless of the nature of

1106-464: Is an expectation that each party's will with regard to the property be clearly defined and unconditional. . The parties may expect their wills to be unanimous, or alternatively each may expect their own will to be sufficient when no opportunity for dispute exists. The first Restatement defines property as anything, tangible or intangible, whereby a legal relationship between persons and the State enforces

1185-516: Is based on The Public Trust Doctrine. ), celestial bodies and outer space, and land in Antarctica . The nature of children under the age of majority is another contested issue here. In ancient societies, children were generally considered the property of their parents. However, children in most modern communities theoretically own their bodies but are not regarded as competent to exercise their rights. Their parents or guardians are given most of

1264-488: Is concerned with rights. Alternative meta-ethical theories are that ethics is concerned with one of the following: Rights ethics has had considerable influence on political and social thinking. The Universal Declaration of Human Rights gives some concrete examples of widely accepted rights. Some philosophers have criticised some rights as ontologically dubious entities. The specific enumeration of rights has differed greatly in different periods of history. In many cases,

1343-404: Is conflicts between unions and their members. For example, individual members of a union may wish a wage higher than the union-negotiated wage, but are prevented from making further requests; in a so-called closed shop which has a union security agreement , only the union has a right to decide matters for the individual union members such as wage rates. So, do the supposed "individual rights" of

1422-492: Is his safest refuge]." It is the origin of the famous dictum, "an Englishman's home is his castle". The ruling enshrined into law what several English writers had espoused in the 16th century. Unlike the rest of Europe the British had a proclivity towards owning their own homes. British Prime Minister William Pitt, 1st Earl of Chatham defined the meaning of castle in 1763, "The poorest man may in his cottage bid defiance to all

1501-467: Is no private property under natural law but only under human law . Seneca viewed property as only becoming necessary when men become avaricious. St. Ambrose later adopted this view and St. Augustine even derided heretics for complaining the Emperor could not confiscate property they had labored for. The canon law Decretum Gratiani maintained that mere human law creates property, repeating

1580-640: Is often defined by the code of the local sovereignty and protected wholly or - more usually, partially - by such entity, the owner being responsible for any remainder of protection. The standards of the proof concerning proofs of ownerships are also addressed by the code of the local sovereignty, and such entity plays a role accordingly, typically somewhat managerial . Some philosophers assert that property rights arise from social convention , while others find justifications for them in morality or in natural law . Various scholarly disciplines (such as law , economics , anthropology or sociology ) may treat

1659-562: Is regarded as confusion, since different individuals often hold differing rights over a single object. Types of property include real property (the combination of land and any improvements to or on the ground), personal property (physical possessions belonging to a person), private property (property owned by legal persons, business entities or individual natural persons), public property (State-owned or publicly owned and available possessions) and intellectual property —including exclusive rights over artistic creations and inventions. However,

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1738-594: Is such that an article of property is, by law or otherwise by traditional conceptualization, subject to expiration even when inheritable , which is a key distinction from tangible property. Upon expiration, the property, if of the intellectual category, becomes a part of public domain , to be used by but not owned by anybody, and possibly used by more than one party simultaneously due to the inapplicability of scarcity to intellectual property. Whereas things such as communications channels and pairs of electromagnetic spectrum bands and signal transmission power can only be used by

1817-526: Is surely undeniable that, when a man engages in remunerative labor, the impelling reason and motive of his work is to obtain property, and after that to hold it as his very own." Anthropology studies the diverse ownership systems, rights of use and transfer, and possession under the term "theories of property". As mentioned, western legal theory is based on the owner of property being a legal person. However, not all property systems are founded on this basis. In every culture studied, ownership and possession are

1896-455: Is the branch of ethics that seeks to understand the nature of ethical properties , statements, attitudes, and judgments. Meta-ethics is one of the three branches of ethics generally recognized by philosophers , the others being normative ethics and applied ethics . While normative ethics addresses such questions as "What should one do?", thus endorsing some ethical evaluations and rejecting others, meta-ethics addresses questions such as "What

1975-441: Is the combination of interests in land and improvements thereto, and personal property is interest in movable property. Real property rights are rights relating to the land. These rights include ownership and usage. Owners can grant rights to persons and entities in the form of leases , licenses , and easements . Throughout the last centuries of the second millennium , with the development of more complex theories of property,

2054-468: Is used by the economists to justify individual rights . Similarly, the author Ayn Rand argued that only individuals have rights, according to her philosophy known as Objectivism . However, others have argued that there are situations in which a group of persons is thought to have rights, or group rights . Other distinctions between rights draw more on historical association or family resemblance than on precise philosophical distinctions. These include

2133-754: The United States , citizens have the positive right to vote and they have the negative right to not vote; people can choose not to vote in a given election without punishment. In other countries, e.g. Australia , however, citizens have a positive right to vote but they do not have a negative right to not vote, since voting is compulsory . Accordingly: Though similarly named, positive and negative rights should not be confused with active rights (which encompass "privileges" and "powers") and passive rights (which encompass "claims" and "immunities"). There can be tension between individual and group rights. A classic instance in which group and individual rights clash

2212-575: The University of Washington for $ 130 million. Safeco moved back downtown in 2007; its new headquarters at 1001 Fourth Avenue became the new Safeco Plaza , and the former Safeco Plaza was renamed UW Tower . In May 2007, BlackRock assumed management of the company's $ 10.5 billion investment portfolio. In September 2008, the company was acquired by Liberty Mutual Insurance for $ 6.2 billion in cash. In February 2010, Safeco donated more than 800 pieces of its art collection, valued at $ 3.5 million, to

2291-495: The commons . The term "commons," however, is also often used to mean something entirely different: "general collective ownership"—i.e. common ownership . Also, the same term is sometimes used by statists to mean government-owned property that the general public is allowed to access ( public property ). Law in all societies has tended to reduce the number of things not having clear owners. Supporters of property rights argue that this enables better protection of scarce resources due to

2370-709: The seafloor (see the United Nations Convention on the Law of the Sea for restrictions), gases in Earth's atmosphere , animals in the wild (although in most nations, animals are tied to the land. In the United States and Canada , wildlife is generally defined in statute as property of the State. This public ownership of wildlife is referred to as the North American Model of Wildlife Conservation and

2449-513: The spiritual body that runs them. Intellectual property and air ( airspace , no-fly zone , pollution laws, which can include tradable emissions rights ) can be property in some senses of the word. Ownership of land can be held separately from the ownership of rights over that land, including sporting rights, mineral rights , development rights, air rights , and such other rights as may be worth segregating from simple land ownership. Ownership laws may vary widely among countries depending on

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2528-442: The telos of property, i.e., what is the purpose of property? His answer: to solve the scarcity problem. Only when items are relatively scarce concerning people's desires, do they become property. For example, hunter-gatherers did not consider land to be property, since there was no shortage of land. Agrarian societies later made arable land property, as it was scarce. For something to be economically scarce, it must necessarily have

2607-616: The tragedy of the commons . At the same time, critics say that it leads to the 'exploitation' of those resources for personal gain and that it hinders taking advantage of potential network effects . These arguments have differing validity for different types of "property"—things that are not scarce are, for instance, not subject to the tragedy of the commons . Some apparent critics advocate general collective ownership rather than ownerlessness. Things that do not have owners include: ideas (except for intellectual property ), seawater (which is, however, protected by anti-pollution laws), parts of

2686-409: The value of legal tender if not the legal tender itself , as the manufacturer rather than the possessor might be the owner. They often distinguish tangible and intangible property . One categorization scheme specifies three species of property: land, improvements (immovable man-made things), and personal property (movable man-made things). In common law , real property ( immovable property )

2765-418: The "exclusivity property"—that use by one person excludes others from using it. These two justifications lead to different conclusions on what can be property. Intellectual property —incorporeal things like ideas, plans, orderings and arrangements (musical compositions, novels, computer programs)—are generally considered valid property to those who support an effort justification, but invalid to those who support

2844-500: The Brooklyn Building with the 22-story Safeco Plaza (now UW Tower ) building in 1973. It remains the tallest building in the city outside Downtown. In January 1987, it sold its title insurance business to Chicago Title for $ 30.7 million cash and $ 46 million in a 7-year promissory note . In 1997, Safeco acquired American States Financial Corporation from Lincoln National Corporation for $ 2.8 billion, expanding beyond

2923-626: The Hobbes/Harrington generation, Sir Robert Filmer , reached conclusions much like Hobbes', but through Biblical exegesis . Filmer said that the institution of kingship is analogous to that of fatherhood, that subjects are still, children, whether obedient or unruly and that property rights are akin to the household goods that a father may dole out among his children—his to take back and dispose of according to his pleasure. Rights Rights are legal , social, or ethical principles of freedom or entitlement ; that is, rights are

3002-641: The Inca empire, the dead emperors, considered gods, still controlled property after death. In 17th-century England , the legal directive that nobody may enter a home (which in the 17th century would typically have been male-owned) unless by the owner's invitation or consent, was established as common law in Sir Edward Coke 's " Institutes of the Lawes of England ". "For a man's house is his castle, et domus sua cuique est tutissimum refugium [and each man's home

3081-823: The West Coast. Washington Mutual 's WM Life Insurance Company was purchased the same year. In 1999, Safeco bought R.F. Bailey (Underwriting Agencies) Limited of London . In 2001, new management was brought in to restructure the company. Commercial credit operations were sold to GE Capital in August 2001. In August 2004, the company sold its life insurance and investments business to a group of private investors led by Safeco board members, Warren Buffett 's Berkshire Hathaway , and White Mountains Insurance Group , incorporating as Symetra . Hub International acquired Safeco's insurance brokerage operations. Mellon Financial acquired Safeco Trust Company, its private bank. Also in 2004,

3160-404: The above rights, and the discussion about which behaviors are included as "rights" is an ongoing political topic of importance. The concept of rights varies with political orientation. Positive rights such as a "right to medical care" are emphasized more often by left-leaning thinkers, while right-leaning thinkers place more emphasis on negative rights such as the "right to a fair trial". Further,

3239-481: The cause, of the distribution of property. He said that the worst possible situation is when the commoners have half a nation's property, with the crown and nobility holding the other half—a circumstance fraught with instability and violence. He suggested a much better situation (a stable republic) would exist once the commoners own most property. In later years, the ranks of Harrington's admirers included American revolutionary and founder John Adams . Another member of

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3318-554: The citizens respectively who made, or may rightfully own them: Provided, that the citizens of the Nation possessing the exclusive and indefeasible right to their improvements, as expressed in this article, shall possess no right or power to dispose of their improvements, in any manner whatever, to the United States, individual States, or individual citizens thereof; and that, whenever any citizen shall remove with his effects out of

3397-573: The common interest, and only when he is himself concerned as an individual." In addition, he says that when property is common, there are natural problems that arise due to differences in labor: "If they do not share equally enjoyments and toils, those who labor much and get little will necessarily complain of those who labor little and receive or consume much. But indeed, there is always a difficulty in men living together and having all human relations in common, but especially in their having common property." ( Politics, 1261b34 ) Cicero held that there

3476-464: The company sold its land title insurance business to First American Corporation . In July 2005, CEO Mike McGavick stepped down as CEO to run in the 2006 United States Senate election in Washington . In May 2006, Assurant acquired Safeco Financial Institution Solutions. In 2006, Microsoft acquired the company's Redmond campus for $ 209.5 million. The University District complex was sold to

3555-439: The concept more systematically, but definitions vary, most particularly when involving contracts . Positive law defines such rights, and the judiciary can adjudicate and enforce property rights. According to Adam Smith (1723-1790), the expectation of profit from "improving one's stock of capital" rests on private-property rights. Capitalism has as a central assumption that property rights encourage their holders to develop

3634-515: The concept of personal property had become divided into tangible property (such as cars and clothing ) and intangible property (such as financial assets and related rights, including stocks and bonds ; intellectual property , including patents , copyrights and trademarks ; digital files ; communication channels ; and certain forms of identifier , including Internet domain names , some forms of network address , some forms of handle and again trademarks). Treatment of intangible property

3713-626: The discussion of human rights , including the specific issues of slavery , conscription , rights of children under the age of majority , marriage , abortion , prostitution , drugs , euthanasia and organ donation . Of the following, only sale and at-will sharing involve no encumbrance . The two major justifications are given for the original property, or the homestead principle , are effort and scarcity. John Locke emphasized effort, "mixing your labor" with an object, or clearing and cultivating virgin land. Benjamin Tucker preferred to look at

3792-561: The distinction between civil and political rights and economic, social and cultural rights , between which the articles of the Universal Declaration of Human Rights are often divided. Another conception of rights groups them into three generations . These distinctions have much overlap with that between negative and positive rights , as well as between individual rights and group rights , but these groupings are not entirely coextensive. Rights are often included in

3871-416: The doctrine of sovereign immunity precludes relief. Moreover, if the interference does not almost completely make the property valueless, the interference will not be deemed a taking but instead a mere regulation of use. On the other hand, some governmental regulations of property use have been deemed so severe that they have been considered " regulatory takings ." Moreover, conduct is sometimes deemed only

3950-540: The entire social and political unit. Common ownership in a hypothetical communist society is distinguished from primitive forms of common property that have existed throughout history, such as Communalism and primitive communism , in that communist common ownership is the outcome of social and technological developments leading to the elimination of material scarcity in society. Corporate systems describe ownership as being attached to an identifiable group with an identifiable responsible individual. The Roman property law

4029-435: The existence of natural rights, whereas Thomas Aquinas held that rights purported by positive law but not grounded in natural law were not properly rights at all, but only a facade or pretense of rights. Liberty rights and claim rights are the inverse of one another: a person has a liberty right permitting him to do something only if there is no other person who has a claim right forbidding him from doing so. Likewise, if

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4108-421: The fact that they help a man form those expectations which he can reasonably hold in his dealings with others. These expectations find expression in society's laws, customs, and more. An owner of property rights possesses the consent of fellowmen to allow him to act in particular ways. An owner expects the community to prevent others from interfering with his actions, provided that these actions are not prohibited in

4187-526: The forces of the crown. It may be frail – its roof may shake – the wind may blow through it – the storm may enter – the rain may enter – but the King of England cannot enter." That principle was carried to the United States. Under U.S. law, the principal limitations on whether and the extent to which the State may interfere with property rights are set by the Constitution. The Takings clause requires that

4266-404: The form of governments, the content of laws , and the shape of morality as it is currently perceived". Some thinkers see rights in only one sense while others accept that both senses have a measure of validity. There has been considerable philosophical debate about these senses throughout history. For example, Jeremy Bentham believed that legal rights were the essence of rights, and he denied

4345-645: The foundational questions that governments and politics have been designed to deal with. Often the development of these socio-political institutions have formed a dialectical relationship with rights. Rights about particular issues, or the rights of particular groups, are often areas of special concern. Often these concerns arise when rights come into conflict with other legal or moral issues, sometimes even other rights. Issues of concern have historically included Indigenous rights , labor rights , LGBT rights , reproductive rights , disability rights , patient rights and prisoners' rights . With increasing monitoring and

4424-504: The fundamental normative rules about what is allowed of people or owed to people according to some legal system, social convention , or ethical theory. Rights are an important concept in law and ethics , especially theories of justice and deontology . The history of social conflicts has often involved attempts to define and redefine rights. According to the Stanford Encyclopedia of Philosophy , "rights structure

4503-464: The fundamental rights of control over them. Questions regarding the nature of ownership of the body also come up in the issue of abortion , drugs , and euthanasia . In many ancient legal systems (e.g., early Roman law ), religious sites (e.g. temples ) were considered property of the God or gods they were devoted to. However, religious pluralism makes it more convenient to have sacred sites owned by

4582-405: The government (whether State or federal—for the 14th Amendment's due process clause imposes the 5th Amendment's takings clause on state governments) may take private property only for a public purpose after exercising due process of law, and upon making "just compensation." If an interest is not deemed a "property" right or the conduct is merely an intentional tort, these limitations do not apply, and

4661-413: The idea of "giving to every man his own," a phrase he drew from the writings of Cicero . But he wondered: How can anybody call anything his own? A contemporary of Hobbes, James Harrington , reacted to the same tumult differently: he considered property natural but not inevitable. The author of " Oceana ," he may have been the first political theorist to postulate that political power is a consequence, not

4740-399: The information society, information rights , such as the right to privacy are becoming more important. Some examples of groups whose rights are of particular concern include animals , and amongst humans , groups such as children and youth , parents (both mothers and fathers ), and men and women . Accordingly, politics plays an important role in developing or recognizing

4819-700: The king of the Sumerian city-state Lagash , established the first laws that forbade compelling the sale of property. The Bible in Leviticus 19:11 and ibid. 19:13 states that the Israelites are not to steal. Aristotle , in Politics, advocates "private property." He argues that self-interest leads to neglect of the commons. "[T]hat which is common to the greatest number has the least care bestowed upon it. Everyone thinks chiefly of his own, hardly at all of

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4898-399: The latter is not always widely recognized or enforced. An article of property may have physical and incorporeal parts. A title , or a right of ownership , establishes the relation between the property and other persons, assuring the owner the right to dispose of the property as the owner sees fit. The unqualified term "property" is often used to refer specifically to real property. Property

4977-535: The limits of this Nation, and become a citizen of any other government, all his rights and privileges as a citizen of this Nation shall cease: Provided, nevertheless, That the National Council shall have power to re-admit, by law, to all the rights of citizenship, any such person or persons who may, at any time, desire to return to the Nation, on memorializing the National Council for such readmission. Communal property systems describe ownership as belonging to

5056-427: The nature of the property of interest (e.g., firearms, real property, personal property, animals). Persons can own property directly. In most societies legal entities , such as corporations , trusts and nations (or governments) own property. In many countries women have limited access to property following restrictive inheritance and family laws, under which only men have actual or formal rights to own property. In

5135-873: The notion that private ownership of capital is inherently illegitimate. This argument centers on the idea that private ownership of capital always benefits one class over another, giving rise to domination through this privately owned capital. Communists do not oppose personal property that is "hard-won, self-acquired, self-earned" (as " The Communist Manifesto " puts it) by members of the proletariat . Both socialism and communism distinguish carefully between private ownership of capital (land, factories, resources, etc.) and private property (homes, material objects, and so forth). Most legal systems distinguish between different types of property, especially between land ( immovable property , estate in land , real estate , real property ) and all other forms of property— goods and chattels , movable property or personal property , including

5214-519: The phrases used by St. Augustine. St. Thomas Aquinas agreed with regard to the private consumption of property but modified patristic theory in finding that the private possession of property is necessary. Thomas Aquinas concludes that, given certain detailed provisions, The principal writings of Thomas Hobbes appeared between 1640 and 1651—during and immediately following the war between forces loyal to King Charles I and those loyal to Parliament . In his own words, Hobbes' reflection began with

5293-428: The power imbalance of employer-employee relationships in capitalism as a cause of inequality and often see unequal outcomes as a hindrance to equality of opportunity. They tend to identify equality of outcome as a sign of equality and therefore think that people have a right to portions of necessities such as health care or economic assistance or housing that align with their needs. In philosophy , meta-ethics

5372-400: The property, generate wealth , and efficiently allocate resources based on the operation of markets. From this has evolved the modern conception of property as a right enforced by positive law, in the expectation that this will produce more wealth and better standards of living. However, Smith also expressed a very critical view of the effects of property laws on inequality: Wherever there

5451-455: The property, the owner thereof has the right to properly use it under the granted property rights . In economics and political economy , there are three broad forms of property: private property , public property , and collective property (or cooperative propert y). Property may be jointly owned by more than one party equally or unequally, or according to simple or complex agreements; to distinguish ownership and easement from rent, there

5530-430: The right of a father to be respected by his son did not indicate a right of the son to receive something in return for that respect; and the divine right of kings , which permitted absolute power over subjects, did not leave much possibility for many rights for the subjects themselves. In contrast, modern conceptions of rights have often emphasized liberty and equality as among the most important aspects of rights, as

5609-417: The specifications of his rights. Different societies may have other theories of property for differing types of ownership. For example, Pauline Peters argued that property systems are not isolable from the social fabric, and notions of property may not be stated as such but instead may be framed in negative terms: for example, the taboo system among Polynesian peoples. In medieval and Renaissance Europe

5688-497: The subjects of custom and regulation, and "law" is where the term can meaningfully be applied. Many tribal cultures balance individual rights with the laws of collective groups: tribes, families, associations, and nations. For example, the 1839 Cherokee Constitution frames the issue in these terms: Sec. 2. The lands of the Cherokee Nation shall remain common property. Still, the improvements made thereon, and in possession of

5767-492: The system of rights promulgated by one group has come into sharp and bitter conflict with that of other groups. In the political sphere, a place in which rights have historically been an important issue, constitutional provisions of various states sometimes address the question of who has what legal rights. Historically, many notions of rights were authoritarian and hierarchical , with different people granted different rights, and some having more rights than others. For instance,

5846-440: The term equality which is often bound up with the meaning of "rights" often depends on one's political orientation. Conservatives and right-wing libertarians and advocates of free markets often identify equality with equality of opportunity , and want what they perceive as equal and fair rules in the process of making things, while agreeing that sometimes these fair rules lead to unequal outcomes. In contrast, socialists see

5925-402: The term "property" essentially referred to land. After much rethinking, land has come to be regarded as only a special case of the property genus. This rethinking was inspired by at least three broad features of early modern Europe: the surge of commerce, the breakdown of efforts to prohibit interest (then called " usury "), and the development of centralized national monarchies . Urukagina ,

6004-446: The theory that God granted dominion over nature to man through Adam in the book of Genesis. Therefore, he theorized that when one mixes one's labor with nature, one gains a relationship with that part of nature with which the labor is mixed, subject to the limitation that there should be "enough, and as good, left in common for others." (see Lockean proviso ) In his encyclical letter Rerum novarum (1891), Pope Leo XIII wrote, "It

6083-572: The validity of property depends on whether the "property right" requires enforcement by the State. Different forms of "property" require different amounts of enforcement: intellectual property requires a great deal of state intervention to enforce, ownership of distant physical property requires quite a lot, ownership of carried objects requires very little. In contrast, requesting one's own body requires absolutely no state intervention. So some anarchists don't believe in property at all. Many things have existed that did not have an owner , sometimes called

6162-414: The workers prevail about the proper wage? Or do the "group rights" of the union regarding the proper wage prevail? The Austrian School of Economics holds that only individuals think, feel, and act whether or not members of any abstract group. The society should thus according to economists of the school be analyzed starting from the individual. This methodology is called methodological individualism and

6241-467: Was based on such a corporate system. In a well-known paper that contributed to the creation of the field of law and economics in the late 1960s, the American scholar Harold Demsetz described how the concept of property rights makes social interactions easier: In the world of Robinson Crusoe , property rights play no role. Property rights are an instrument of society and derive their significance from

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