Summary on the Conference

Counting angels

Rights and Responsibilities

• Long tradition of waste:– Cell Phone, automobile, apartment, natural

resource – Exercise, Capacity• Good discussion of how people use rights that are not

legally recognized.

Schizophrenia of property rights

• Econ 101– Market, exclusivity, investment, law

• People– Law in action

• Cost: Coase and efficiency– Transaction– Opportunity

• What is “private” and what is “property”– All kinds of transactions: lease, contract farming, etc.

Seniority of Tenure

• Gift of the gods or a creation of man– State: Australia, Philippines– Land Reform: China, Koreas, Japan, Taiwan– Independent of the state: PNG, Fiji, etc.– Preemptive: Poor and rich• Filibusterismo (Rizal)• Meeting all the goals of a liberal democracy

Institutional Capacity• To ensure the benefits of private property reach

all levels of society• Distribution of benefits associated with title and

private property– Hollow law– Meaningless and useless data

• The value of the data – Publicity• Third parties

– Insufficient capital:• Physical• Financial• Human• Cultural

Now What?

• We all go back to our jobs, • What are the next steps?• It is more than how we feel about property, • It is more important to know about it and

what to do with it.