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The Lockean Law of Restitution

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  • David Jarrett

Abstract

This article argues—in contrast to the claims of right-libertarians—that the Lockean thesis of justice in property seems to entail much egalitarian property redistribution. It starts by outlining what the Lockean thesis of justice in property is. It then argues that a Lockean version of the law of restitution is a reasonable way to approach the problem of holdings which were not gained in line with Lockean justice. Furthermore, according to this law, property which has unknown rightful owners should ideally be redistributed in an egalitarian manner among everybody in the world. In addition, due to the history of Lockean injustice throughout the world (e.g., feudalism and colonialism), it appears that much property in the world should be redistributed in an egalitarian manner.

Suggested Citation

  • David Jarrett, 2021. "The Lockean Law of Restitution," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(1), pages 5-16, March.
    • Handle: RePEc:sae:reorpe:v:53:y:2021:i:1:p:5-16
    DOI: 10.1177/0486613420938193
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    References listed on IDEAS

    as
    1. William Darity Jr & Dania Frank, 2003. "The Economics of Reparations," American Economic Review, American Economic Association, vol. 93(2), pages 326-329, May.
    2. Robin Hahnel, 2020. "Economic Justice: Confronting Dilemmas," Journal of Economic Issues, Taylor & Francis Journals, vol. 54(1), pages 19-37, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Locke; restitution; Nozick; Rothbard;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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