ABSTRACT
Property rights are the rights of ownership. It is clear enough that ownership typically has something to do with the right to use, the right to transfer, and the right to exclude others from the thing owned. And most philosophical discussions of property content themselves with this broad characterization, noting in passing that certain restrictions and extensions are usually associated with it. But the right of use is itself a bundle of rights which mature legal systems separate, and when the other elements of legal ownership are examined, it quickly becomes obvious that a person may own things in a variety of overlapping but quite distinct senses. Claim rights, liberties, powers, immunities, and recipient rights are all typed by reference to the general sort of relationship that exists between the right-holder and others. The right to the capital is the only one of the elements which seems able to define a variety of ownership standing alone.
