[W]hat is the return on an individual’s respect for property rights?
For him?
For the polity?
For man?
We cannot construct the voluntary organization without widespread respect.
So then how do we calculate the cost if that adherence?
Labor has no known value except in exchange. At which point we learn its value.
But respect for property rights, and active construction and perpetuation of them, always produces value.
Earlier thinkers assumed that membership and participation in the market was sufficient compensation for respecting property rights.
But this exchange was possible only because of the possibility of entry.
In a world of mandatory inclusion, this choice no longer exists.
In a world of marginally different productivity, where the underclasses no longer can provide useful skills, they are mandatorially included, but necessarily excluded.
In fact, their only value is in providing instructions in the form of demand, for the organization of production to satisfy their wants and to reward producers.
But they have nothing to exchange except constructing and maintaining the voluntary organization of production.
This presents us with a logical contradiction. They are forcibly included but necessarily excluded.
How do we solve this contradiction?
Par them for services rendered, and do not pay them if they fail to render services.
Voluntary exchange.
