A Primer on Property Rights, Takings and Compensation

Dr Bryce Wilkinson
New Zealand Business Roundtable
3 October, 2008

This report is motivated by the realisation that there is a need in New Zealand for a wider understanding of the importance of security of all property rights for civil peace, prosperity, constitutional government, social cohesion and ultimately the democratic system. Respect for private property rights implies the need for restraint, both by governments and by lobby groups. Such restraint is necessary for a civil society, and the reciprocal obligations confer mutual benefits. Indeed, any rule that asks people to treat others as they would like to be treated themselves has these attributes.

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