1. Summary on the Conference Counting angels

2. 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.

3. 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.

4. 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

5. 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

6. 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.