Archive for the ‘economics’ Category

Surfers Understand Natural Property Rights

Another great video by

Professor Tom W. Bell of Chapman University School of Law explains how surfers almost universally observe a “natural law” propertarian ethic. A surfer who “homesteads”, or “mixes his labor” with (i.e.: begins surfing on) the wave first, has demonstrated a natural right to exclusive ownership of the wave for the duration of the break. Surfers who do not respect the property rights of other surfers are ostracized, or even retaliated against (justifiably in the minds of other surfers, so long as the retaliation is within reasonable proportion to the severity of the offense).