The theory of super property rights is one of the most significant economic theories of the last few decades. It is based on the assumption that property is not only an economic asset, but also an important instrument of power and control. The theory argues that control of property brings with it an inherent power to shape the actions of others, and this power has the potential to be abused to the detriment of society.
Super property rights refers to the right of the owners of property to make decisions and exercise power beyond what is normally considered to be the scope of proprietorship. These so-called “super rights” include the ability to pass the property on to others, such as family members; to sell the property or hold it in perpetuity; to control the activities on the property; and to raise rents and other fees.
The theory of super property rights is rooted in the concept of “economic nonviolence”, which was originally developed by the late Dutch economist Jan Tinbergen. This concept seeks to address inequality and unfairness in the economy by allowing for more equitable distribution of property. In particular, Tinbergen argued that greater economic diversity would foster stronger economic development and reduce poverty.
In the 1960s, the French economist Yves Marie Lefebvre proposed the first version of the theory of super property rights. His proposal was similar to Tinbergens in the sense that he wanted to make the transfer of property rights more equitable and to promote economic growth. However, unlike Tinbergen, Lefebvre did not focus on the redistribution of wealth. Instead, he argued that property owners should be given additional powers beyond those granted to them under existing laws.
In the 1970s, the American economist Lester C. Thurner developed a more refined version of Lefebvre’s theory of super property rights. Thurner proposed that the power of the owners of property should be limited in order to protect the interests of vulnerable groups within society. He argued that, while property should be concentrated in the hands of a few, certain rights should be granted to all members of society. Thurner proposed that these rights should include the right to dissent, to petition public authorities, and to challenge decisions made by property owners.
The theory of super property rights has been controversial since its inception. Many people argue that granting the owners of property such extensive powers could lead to the creation of economic monopolies, which would be detrimental to competition and economic growth. Others have argued that granting such broad powers to property owners would lead to a situation where those with the greatest wealth would be able to influence public policy decisions to their own benefit.
Despite these criticisms, the theory of super property rights remains an important element of modern economics. In particular, economists have argued that to ensure economic growth and development, protections must be established to limit the ability of property owners to exercise their power and influence. In addition, some economists argue that the concept of super property rights is essential for achieving sustainable and equitable economic development, particularly in developing countries.
