Published Friday, June 22, 2007 by Murray N. Rothbard
The right of property implies the right to make contracts about that property: to give it away or to exchange titles of ownership for the property of another person. Unfortunately, writes Murray Rothbard, many libertarians, devoted to the right to make contracts, hold the contract itself to be an absolute, and therefore maintain that any voluntary contract whatever must be legally enforceable in the free society. Their error is a failure to realize that the right to contract is strictly derivable from the right of private property
(Original Text)
Property Rights and the Theory of Contracts (9.62 MB)