Mar 22, 2020, 11:03 AM

It is hard to start with first principles. We always want to narrow the domain set of our question rather than start from first principles. The first principle is time. We are in a continuous competition with time, and our inventory of resources, because of the cost of persisting our existence. Cooperation saves time. we have the same input as we did 50k ypb. The ability to cooperate creates possibility of obtaining returns on time. Cooperation provides caloric returns on time. But all opportunities for cooperation are in competition with others’ wants and opportunities, including the opportunity to prey and parasite upon one another.

When people come together in proximity they (a) create opportunities for a division of labor (b) increase choice of goods services and information by division of labor (c) decrease opportunity costs of exchange within that division (d) increase opportunity and incentive for parasitism and predation, (e) create institutions to decrease transaction costs – including risk.

|INTERESTS| Unknown (potential) utility > Known (potential) Utility, Opportunity (potential interest), Demonstrated Interest, Possession, Property, Right, and Title (Proxy).

  1. Unknown (potential) utility…()
  2. Known (potential) Utility …()
  3. Opportunity: any interest that Man my wish to acquire through his investment that has not yet been invested in by others.
  4. Demonstrated Interest: (homesteading)
  5. Possession: Possession is a Fact. Possessions are Personally insured. Consisting of that which one has acted to prevent others from consumption or use.
  6. Property: Property is a Norm. Property is collectively insured. Consisting of that which evolves as general rules of non-imposition between people with similar kinship, interests, or interdependence. Property is that which is insured against non-imposition by a third party organization.
  7. Property Rights: Property Rights are dependent upon the existence of an institution that acts as the insurer of last resort, and enforces rights and obligations in matters of disputes.
  8. Title …..(title proxy for possession)

THE FOUNDATIONS

https://naturallawinstitute.com/2019/03/28/curt-doolittle-updated-his-status-314/

MARKETS

https://naturallawinstitute.com/2017/05/25/why-and-how-do-free-markets-work/

THE LAW

(Halfway down the page, Part 999 – The Law, Property

https://naturallawinstitute.com/government-and-law/