Homestead Principle

The homestead principle in law and in ethics is the principle by which one gains just ownership of an unowned resource by performing an act of original appropriation. Appropriation could be enacted by putting an unowned resource to active use (as with using it to produce a product), joining it with previously acquired property (as with placing it in a pocket) or by evidently marking it (as with livestock branding). Proponents of intellectual property hold that ideas can also be homesteaded by originally creating a virtual or tangible representation of them. Others however argue that since tangible manifestations of a single idea will be present in many places, including within the minds of people, this precludes their being owned in most or all cases. Homesteading is one of the foundations of the capitalism and libertarianism ideologies.

Other articles related to "homestead principle":

Anarcho-capitalism - Philosophy - Property - Private Property
... on Earth whose ownership was not at some point in time obtained in violation of the homestead principle, through seizure by the state or put in private hands with the assistance of the state ... slaves rightfully own any land they were forced to work on under the "homestead principle" ... he proposes that State universities be seized by the students and faculty under the homestead principle ...

Famous quotes containing the words principle and/or homestead:

    The first principle of a free society is an untrammeled flow of words in an open forum.
    Adlai Stevenson (1900–1965)

    These Flemish pictures of old days;
    Sit with me by the homestead hearth,
    And stretch the hands of memory forth
    To warm them at the wood-fire’s blaze!
    John Greenleaf Whittier (1807–1892)