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- Did Crusoe need an institution
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Card 2 / 100: Did Crusoe need an institution of private property?
Answer:
No, the only conflict Crusoe had was with Nature. If he wanted more coconuts to eat, he simply had to decide whether the benefits outweighed the additional sacrifice of leisure. There were no other intelligences who may have had their own designs on the scarce goods.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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