Why Less Property Is More: Inclusion, Dispossession, & Subjective Well-Being

Author:David Fagundes
Position::Professor of Law and Assistant Dean for Faculty Development, University of Houston Law Center

The twin notions of exclusion and possession dominate our cultural and legal conceptions of property. This Article uses the lens of hedonics—the emergent science of happiness—to make a case for the less appreciated notions of inclusion and dispossession. Evidence from this new field shows that owners maximize their welfare, not when they amass land and chattels and keep others away from them, but ... (see full summary)

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