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This idea is illustrated by a well-known example of lake rich with fish. While lake
Neutral, it is appreciated only as a catching place, but not a place of cultivation of fish.
It be no point to fishermen to limit it while they will not make sure that
Except them anybody will not catch some this fish and consequently, counting on the long-term
Prospect as fish breeds, the today's is more favourable to limit
- . The most probable future for ownerless lake - disappearance fish
Stocks. On the other hand, if the lake belongs to someone, this someone will be
To care of cultivation of fish. Reasons of personal benefit will force the owner
To limit it and as much as possible to raise value of stocks of fish. Potential
Commercial benefit is the main motive power of investments and attempts
Forecasting of economic tendencies which influence the relative
Value of resources. Naturally, the society as a whole also is interested in that,
That forecasting and investment process was conducted reasonably and tomorrow not
There were shortages of fish.
This example, at other equal, we will apply to any kinds of resources, for which
The property rights, for example, to the empty state earth are not defined
In suburbs which can be used as for social (the housing
Building), and for economic needs (workshops, factories, warehouses).
Captures of the earth, streets and roads were somewhat spontaneous methods
Creations of legitimate rights of the property in the absence of the good law. If
The extralegal system did not generate these rights at it would not be
Stimulus to develop resources, to give to them economic and social
Tracing history of contracts, Douglas Nort and Robert Paul Thomas marked in
The it is masterful to the written book that industrial revolution in Europe became
It is possible owing to essential increase by reliability states
Contracts and reduction of private costs on their execution (Douglas it North
and Robert Paul Thomas, The Rise of the Western World, London: Cambridge
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