Capital - Production of property in excess of consumption requirements and also used for further production.
Capitalism - Capitalism is that societal structure whose mechanism is capable of protecting all forms of private property completely.
Coercion - Coercion is an attempted, intentional interference with property.
Conservatism - The tendency to preserve what is established. According to Galambos, "Conservatives run all countries; they're conserving the state."
Contract - A voluntary agreement between two or more people who have property which they are desirous of exchanging the use and control thereof.
Control - The ability to make volitional decisions concerning the disposition of property.
Corollary - A corollary is the restatement of information you already know into other words for a utilitarian reason.
Crime - Crime is a successful, intentional interference with the property of another. In other words, it is an act of successful coercion.
8 Responses to Glossary of Terms