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On Custom in the Economy$
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Ekkehart Schlicht

Print publication date: 1998

Print ISBN-13: 9780198292241

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198292244.001.0001

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(p.151) Chapter 11 Property
On Custom in the Economy

Ekkehart Schlicht

Oxford University Press

The theory of property proposed by David Hume can be interpreted as an application of the theory developed in this book. The tension between instrumental and moral aspects of property can be traced to principles of clarity. Hume's theory is outlined, discussed from an ethological perspective, and related to the theory of property rights. The tension between ‘moral’ and ‘instrumental’ aspects of property is particularly pronounced in long‐term contracts.

Keywords:   accession, adverse possession, contracts, David Hume, occupation, ownership, prescription, property, property rights, succession

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