RIFFING ON MICHAEL PHILIP – ON THE PRICE OF THE ENVIRONMENTAL COMMONS –“In the

RIFFING ON MICHAEL PHILIP – ON THE PRICE OF THE ENVIRONMENTAL COMMONS

–“In the socialist calculation debate, Mises says socialism fails because we can’t impute prices to capital goods without prices for consumer goods and consequently we can’t rationally allocate capital across sectors. In the environmentalist calculation debate, we can’t rationally allocate an environmental price to a consumer good without having environmental prices on capital goods. In the fully Pigovean world, prices fully convey information about costs including environmental costs. Outside of that world, we probably still do best by looking only to prices as the best potential aggregation of knowable cost”– Michael Phillip

To create a market price you have to privatize a good.

To partly privatize a good one can limit Usus, Fructus, Mancipio and Abusus. Meaning that we can privatize the Use, Fruition and in some cases transfer (sale) of a good, without the right of Abusus (destruction or harm).

It is not necessary to grant Abusus, or even Mancipio to create a tradable good (we don’t grant Mancipio and Abusus to ourselves when selling our labor). Privatization requires only the rights of Usus and Fructus in order for us to create prices from those trades.

So it is a fallacy that we cannot have the best of both worlds: commons. Commons in which we privatize Usus, Fructus, and Mancipio, while retaining Abusus.

We do not grant Mancipio and Abusus to Man, nor do we grant it to our commons. Most of our commons we grant Usus (parks). Occasionally we grant fructus (grazing on park land). But the only way to know the price of a commons is to at least grant Usus and Mancipio. And we probably, in all circumstances, should prevent Abusus.

Curt Doolittle

The Propertarian Institute

Kiev, Ukraine

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TERMS:

Rights of use:Usus, the fruits of:Fructus, to transfer: Mancipio, to abuse:Abusus.

http://www.propertarianism.com/2014/11/02/usufructs-under-propertarianism/

H/T Ayelam Valentine Agaliba for getting me to use the right terminology.