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A system of social organisation. Part of John Rawls' five structures of social institutions. Caused by: The idea of a property-owning democracy derived from Western political thought. Goals: Enabling a fairer distribution of property and political power. Methods: This system is implemented through policy reform.
This is an important point to understand changes in the home ownership rate over time. The bust of the housing bubble resulted in many houses becoming foreclosed. However, the decrease in the home ownership rate from 3Q2007 to 4Q2007 was mostly a result of an increase in the renter's population and less due to a decrease in the homeowner ...
Social ownership is variously advocated to end the Marxian concept of exploitation, to ensure that income distribution reflects individual contributions to the social product, to eliminate unemployment arising from technological change, to ensure a more egalitarian distribution of the economy's surplus, [13] or to create the foundations for a ...
He felt the division of labour to produce products for others was better for the whole of society. [31] This was later critiqued by Marx. [29] Sanford Grossman, Oliver Hart, and John Hardman Moore developed the property rights approach to the theory of the firm based on the paradigm of incomplete contracts. These authors argue that in the real ...
Ever since the end of the boom years of the early 2000s, the housing market has struggled to hit bottom, seemingly plowing ever lower even after years of declines. As a result, millions of former ...
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The protection of private property may come into conflict with economic, social and cultural rights and civil and political rights, such as the right to freedom of expression. To mitigate this, the right to property is commonly limited to protect the public interest. Many states also maintain systems of communal and collective ownership.