What is Locke’s theory of property?
The theory is rooted in laws of nature that Locke identifies, which permit individuals to appropriate, and exercise control rights over, things in the world, like land and other material resources.
In other words, Locke’s theory is a justificatory account about the legitimacy of private property rights..
What did John Locke say about life liberty and property?
Locke wrote that all individuals are equal in the sense that they are born with certain “inalienable” natural rights. That is, rights that are God-given and can never be taken or even given away. Among these fundamental natural rights, Locke said, are “life, liberty, and property.”
Does Locke’s concept of property rights apply to intellectual property?
One of the strengths of the Lockean property theory is that it recognizes that IP rights are fundamentally the same as all property rights in all types of assets—from personal goods to water to land to air to inventions to books.
What is a private property?
Private property is a legal designation for the ownership of property by non-governmental legal entities. Private property is distinguishable from public property which is owned by a state entity and from collective or cooperative property which is owned by a group of non-governmental entities.