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The Social Function of Property, Credit, and Capital in the United States
Book chapter

The Social Function of Property, Credit, and Capital in the United States

Christopher K. Odinet
Léon Duguit and the Social Obligation Norm of Property, pp.289-309
Springer Singapore
09/08/2019
DOI: 10.1007/978-981-13-7189-9_12

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Abstract

Leon Duguit’s work on the social function of property has had a significant impact on American law, in ways both direct and indirect. His description of Property rights as moving away from an individualistic-centered theory to one that contemplates collectivism and pluralism—the social solidarity of the law—has touched not only traditional forms of property, such as land, but has also had a profound impact on the how American law addresses the flow of capital and as how it deals with discrimination and historical inequity. This chapter explores Duguit’s Social function theory in American law through the lens of Common interest communities developments, consumer financial protection, and Civil rights legislation.
Capital CFPB Civil rights Common interest communities Consumer protection Covenants Credit Debt Dodd-Frank Fair housing Finance Homeowners Household finance Housing discrimination Land restrictions Loans Mortgages Right to exclude

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