Hogeye Theory of Property - 1 of 6
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Definitions

  1. property - A socially recognized relationship between a person (or group) and a scarce entity regarding disposition and control. Also "property" used to refer to the scarce entity in this relationship. "Owner" is used to refer to the person or group.
  2. sticky property - a property relationship characterized by private jurisdiction, homesteading, ownership lasting until consensual transfer, with no restrictions on who may own.
  3. possession property (aka usufruct) - a property relationship characterized by private jurisdiction, homesteading, lasting only while continuous use or occupation is maintained, with no restrictions on who may own.
  4. collective property - a property relationship characterized by group, class, or caste jurisdiction, with limited power to transfer, and significant restrictions on who may own what, especially capital goods aka the means of production.
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