I
Genes Own and Survive Us
Ownership as a biological instructionEvery life form protects and defends property: the gene is wrapped in DNA, DNA is walled in a nucleus, the cell is skinned by a membrane, and the family is housed. Ownership is not an invention of law; it is an instruction written into living matter.
Required reading
The Selfish Gene
Richard Dawkins
Chapters 1–3, plus a cell-biology primer on membranes, cell walls and nuclear pores. Supplements: Hamilton's 1964 kin-selection papers (for rb > c), Margulis (1967) on endosymbiosis, and the founding essay's opening section.
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The Selfish Gene
Richard Dawkins
The Extended Phenotype
Richard Dawkins
The Genetical Evolution of Social Behaviour I & II
W. D. Hamilton
On the Origin of Mitosing Cells
Lynn Sagan (Margulis)
The Evolution of an Ownership Society: Going Back to Our Future
Walter Barry
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Objectives
- Describe the nested boundaries that protect a replicator.
- Explain why the gene, not the organism, is the unit that persists.
- Show that cells cooperate — and that cooperation needs a boundary first.
Answer before next class
1.List the boundaries that protect what sustains you — physical, legal, financial. Which is weakest, and why?
Week I, Plate 1: the nested boundaries from gene to home.
2.Give one example, from biology or your own life, where cooperation inside a boundary created capability neither party had alone.
Week I, Plate 3: endosymbiosis and the mitochondrion.
3.A gated boundary admits some things and refuses others by a published rule. Describe one boundary in your own life that is sealed when it should be gated, or gated by whim when it should be gated by rule.
Week I, Plate 7: how the nuclear pore decides — credential, identical rule, passage.
4.Life pays heavily for copying accuracy. Name one record, title or registry you depend on, and estimate what you actually spend to keep it accurate. Is the spend proportionate to what it protects?
Week I, Plate 6: the cost of fidelity — repair machinery bought with energy.
5.Apply Hamilton's sum, r · b > c, to a real act of help you gave in the past year. Then redo it with r ≈ 0. What besides kinship made the act worth doing?
Week I, Plate 9: relatedness discounts the benefit; Weeks IV–VI replace r with reciprocity and rules.
6.Explain in your own words why ownership can be called an instruction rather than a privilege granted by law — and state the strongest objection to that claim.
Week I, Plate 10: boundary → ownership → natural right → institution.
II
The Natural Rights Foundation
Free choice and the fruits of laborLocke argued that life, liberty and estate are not gifts of government. Mixing your labor with the world makes the product yours, and government exists to protect that — by consent, under law, funded by lawful tax.
Required reading
Second Treatise of Government
John Locke
Chapters 2–5 and 11
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Second Treatise of Government
John Locke
A Letter Concerning Toleration
John Locke
The Declaration of Independence
Thomas Jefferson and the Continental Congress
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Objectives
- State the labor theory of property in your own words.
- Distinguish a natural right from a granted benefit.
- Explain the citizen's side of the bargain: lawfulness and tax.
Answer before next class
1.Name one thing you own outright and trace it back to the labor that produced it.
Week II, Plate 2: Locke's chain of title.
2.Where is the line between a lawful tax and an excessive taking? State your test and apply it to one real tax.
Week II, Plate 5: consent, representation, and what the proceeds buy.
3.Describe a right you hold on paper but cannot presently exercise. What would make it real?
Week II, Plate 6: held rights vs. exercised rights.
4.Self-ownership is the premise. State it in your own words, then name one arrangement in your life that quietly denies it.
Week II, Plate 7: what follows from owning yourself.
5.Apply Locke's two provisos — enough-and-as-good, and no spoilage — to one modern holding you consider legitimate. Does it pass?
Week II, Plate 8: the Lockean provisos.
6.Locke says a government that takes rather than protects has dissolved its own trust. What standard would you require before making that claim about a real government?
Week II, Plate 10: how a trust is forfeited.
III
Survival of the Fittest
Selection, the struggle — and Darwin's blind spotDarwin gave scientific evidence for natural selection based strictly on genetic self-interest. Fitness is not strength or virtue; it is the reproductive edge a trait confers in a specific environment. And as Frank Ryan argues, cooperation is one of the most powerful of those traits.
Required reading
On the Origin of Species / Darwin's Blind Spot
Charles Darwin; Frank Ryan
Origin Ch. 3–4, plus Darwin's Blind Spot Ch. 1–4
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On the Origin of Species
Charles Darwin
Darwin's Blind Spot
Frank Ryan
An Essay on the Principle of Population
Thomas Robert Malthus
The Variation of Animals and Plants under Domestication
Charles Darwin
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Objectives
- Define variation, heredity, and differential reproductive success.
- Correct the common misreading of 'survival of the fittest'.
- Explain what 'environment' means when the players are institutions.
Answer before next class
1.Describe an institution that was well fitted to a vanished environment. What changed around it?
Week III, Plate 2: fitness is relative to the setting.
2.Give an example of cooperation as a fitness strategy — not as generosity. Who gains, and how?
Week III, Plate 3: Ryan's symbiosis cases.
3.Pick one policy lever from Plate 5 and predict which citizen strategy it would make more profitable.
Week III, Plate 5: policy is environment design.
4.Selection has no foresight. Describe one outcome you have blamed on a plan that is better explained as blind variation kept by a setting.
Week III, Plate 7: blind variation, selective retention.
5.Breeders changed a species by changing what got to reproduce. Name one rule at your work or in your community that is selecting outcomes nobody chose.
Week III, Plate 9: selection under human hands.
6.Over 99% of species that ever lived are extinct. Which institution you rely on is fitted to a setting that has already changed?
Week III, Plate 10: what the fossil record shows.
IV
The Prisoner's Dilemma
Nash, and the logic of defectionNash showed that rational players in tension settle at a point where no one can improve by moving alone. In the Prisoner's Dilemma that point is mutual defection — worse for both than cooperation. Understanding why is how you learn to change it.
Required reading
Non-Cooperative Games and Equilibrium Points
John Nash
Nash's 1950–51 papers, plus a Prisoner's Dilemma primer
Get the reading
Non-Cooperative Games
John Nash
A Beautiful Mind
Sylvia Nasar
The Evolution of Cooperation
Robert Axelrod
The Evolution of Cooperation
Robert Axelrod and William D. Hamilton
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Objectives
- Read a payoff matrix and find the equilibrium.
- Explain why mutual defection is rational and still bad.
- Name the three levers that turn defection into cooperation.
Answer before next class
1.Write out the payoff matrix for a real negotiation you are in. Where is the equilibrium?
Week IV, Plate 2: the Prisoner's Dilemma matrix.
2.Which of the three levers — horizon, visibility, shared stake — would most change that negotiation, and why?
Week IV, Plate 5: change the game, not the virtue.
3.Apply Nash's test to an arrangement you rely on: can any single player gain by deviating?
Week IV, Plate 6: stability is the property to test for.
4.Find a situation in your own life whose payoffs satisfy T > R > P > S. What makes defection tempting there, and what would change the order?
Week IV, Plate 7: the four payoffs.
5.Score yourself on Axelrod's four properties — nice, retaliatory, forgiving, clear. Which do you fail most often, and what does it cost you?
Week IV, Plate 9: the winning profile.
6.Describe a relationship damaged by one misread signal. Which institutional forgiveness mechanism would have broken the echo?
Week IV, Plate 10: how an error becomes a feud.
V
The Evolutionarily Stable Strategy
Invadability as the testA strategy is evolutionarily stable when, once common, no rare alternative can invade it. Representative democracy has passed that test for two and a half centuries. The claim of this course is that an Ownership Society is the next stable mutation of it.
Required reading
The Logic of Animal Conflict / SuperCooperators
John Maynard Smith & George Price; Martin Nowak
ESS primer plus SuperCooperators Ch. 1–2
Get the reading
The Logic of Animal Conflict
John Maynard Smith and George Price
SuperCooperators
Martin Nowak
Evolution and the Theory of Games
John Maynard Smith
Evolutionary Games and Spatial Chaos
Martin A. Nowak and Robert M. May
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Objectives
- Define an ESS and apply the invadability test.
- Explain why command economies were invadable from within.
- State the Ownership Society claim in ESS terms.
Answer before next class
1.Pick an arrangement you rely on. What rare strategy could invade it, and what would stop it?
Week V, Plate 1: the invadability test.
2.Why were command economies invadable from within? Answer in terms of payoffs, not politics.
Week V, Plate 3: withheld effort and captured allocation.
3.State the Ownership Society claim in ESS terms, then name the invader you think is hardest to rule out.
Week V, Plate 5: testing the claim.
4.Explain why a population of all Hawks is invadable, and what that implies for any arrangement that assumes one strategy must win outright.
Week V, Plate 7: the Hawk-Dove payoffs.
5.State the difference between a Nash equilibrium and an ESS in one sentence, then say why institutions face the harder test.
Week V, Plate 8: two standards compared.
6.Pick one of the four named mutants — re-concentration, rule capture, free-riding, expropriation — and argue that the countermeasure is insufficient.
Week V, Plate 10: named invaders and the countermeasure.
VI
The Five Rules of Cooperation
Nowak's mathematics of working togetherA cooperative act costs C to its performer and yields B to its recipient. Harvard's Program for Evolutionary Dynamics has shown five conditions under which cooperation beats defection — and each maps onto win-win public policy.
Required reading
SuperCooperators
Martin Nowak
Chapters 3–7
Get the reading
SuperCooperators
Martin Nowak
Five Rules for the Evolution of Cooperation
Martin A. Nowak
Governing the Commons
Elinor Ostrom
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Objectives
- State all five rules and what each variable means.
- Identify which rule a given policy is using.
- Explain why cooperation needs a mechanism, not an appeal.
Answer before next class
1.Take a policy you support. Which of the five rules does it rely on? Does it satisfy the inequality?
Week VI, Plate 1: the five thresholds.
2.Describe a relationship in your working life where raising W would change behaviour. How would you raise it?
Week VI, Plate 3: direct reciprocity, B/C > 1/W.
3.Which rule do you think an Ownership Society leans on most heavily, and what is the risk of relying on it?
Week VI, Plate 6: from rules to policy.
4.Restate the cooperation puzzle in your own words: why should a cooperator ever be selected for?
Week VI, Plate 7: why the puzzle is real.
5.Each of Nowak's rules links today's act to a future consequence. Take one proposal you have heard recently and say which link, if any, it creates.
Week VI, Plate 8: what each rule links.
6.Compare policing defectors with aligning payoffs for one real rule you must follow. Which approach is it, and what does enforcement cost?
Week VI, Plate 9: two ways to get cooperation.
VII
Capital, Labor, and Why Pure Capitalism Is Not Stable
The win-lose cycle of mutual exploitationAdam Smith's invisible hand assumed enlightened self-interest. What the last half-century produced instead is a repeated game in which capital and labor each extract from the other — a Prisoner's Dilemma neither side is winning.
Required reading
The Wealth of Nations (selections)
Adam Smith
Book I Ch. 1–2, 8; Book IV Ch. 2
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The Wealth of Nations
Adam Smith
The Theory of Moral Sentiments
Adam Smith
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Objectives
- Describe the feedback loop between wage suppression and demand.
- Explain capital's mobility advantage over labor.
- State the diagnosis the Ownership Society is proposed to cure.
Answer before next class
1.Where in your own working life have you seen the extraction loop run? What broke it, or didn't?
Week VII, Plate 3: the extraction loop.
2.Fill in your own household figures from Plate 5. What is left to invest, and what is crowding it out?
Week VII, Plate 5: fixed costs compounding against a flat wage.
3.Do you accept the diagnosis that this is a distribution-of-ownership failure rather than a production failure? Argue your side.
Week VII, Plate 6: diagnosis and prescription.
4.Smith wrote that masters can hold out longer than workmen. Where have you seen that asymmetry directly, and what changed the balance, if anything?
Week VII, Plate 7: what Smith actually said about wages.
5.Which of Smith's own warnings about concentration is most alive in an industry you know? Give the specific evidence.
Week VII, Plate 8: Smith's warnings, itemised.
6.List what compounds for you and what compounds against you. Which side is currently larger, and what single change would flip it?
Week VII, Plate 9: which side of compounding you are on.
VIII
Compound Capital Appreciation
The arithmetic of independenceOwnership plus time is what retires a household without dependence on government. It requires no unusual return — only a share that appreciates, and the years in which to let it.
Required reading
Compounding readings and The Citizen's Share (intro)
Blasi, Freeman & Kruse
The Citizen's Share, Introduction and Ch. 1
Get the reading
The Citizen's Share
Blasi, Freeman and Kruse
The Little Book of Common Sense Investing
John C. Bogle
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Objectives
- Compute what a modest share becomes over a working life.
- Explain why time in the market matters more than timing it.
- Connect compounding to the funding of limited government.
Answer before next class
1.Model your own share at 6% and 8% over the years you have left to work. What changes at each rate?
Week VIII, Plate 1: the compounding curve.
2.Compare two workers on identical pay, one with a vesting share. Where does the difference come from?
Week VIII, Plate 3: two workers, same pay.
3.Answer the access checklist honestly. Which single 'no' would you change first, and how?
Week VIII, Plate 6: access, not arithmetic.
4.Use the rule of 72 on a real rate available to you. How many doublings do you have left before you intend to stop working?
Week VIII, Plate 7: doubling times.
5.Years, rate, amount: rank them for your own situation and defend the ranking. Which one is set by access rather than effort?
Week VIII, Plate 8: why early access matters most.
6.What would force you to sell an owned asset at the worst moment, and what reserve would make holding possible instead?
Week VIII, Plate 9: what holding requires.
IX
Micro Ownership Societies and Win-Win Policy
Places where it already worksVenture capital and labor have cooperated for decades: founders and employees take equity, investors take risk, and when it works both sides are enriched. That is a micro Ownership Society, and it can be generalised.
Required reading
The Citizen's Share
Blasi, Freeman & Kruse
Chapters 2–5
Get the reading
The Citizen's Share
Blasi, Freeman and Kruse
Employee Ownership: Research and Data
National Center for Employee Ownership
Shared Capitalism at Work
Douglas Kruse, Richard Freeman and Joseph Blasi
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Objectives
- Describe how equity aligns investor and employee payoffs.
- Compare ESOPs, options and profit sharing as mechanisms.
- Map each policy proposal to one of Nowak's five rules.
Answer before next class
1.Design a share plan for an organisation you know. Who vests, on what schedule, and why?
Week IX, Plate 2: four mechanisms compared.
2.Take one policy lever from Plate 4 and show which of Nowak's rules it uses. Does it clear the threshold?
Week IX, Plate 4: levers and the rule each uses.
3.Name every party to your proposal and show that each one's payoff rises. Where is that hardest to show?
Week IX, Plate 5: win-win means no one is expropriated.
4.Find one published figure on employee ownership and household wealth. Cite it, and say whether it supports or weakens the course's claim.
Week IX, Plate 7: what the evidence base covers.
5.The Citizen's Share argues broad ownership is an older American idea, not a new one. Does that history strengthen the argument, or is it beside the point?
Week IX, Plate 8: an older American argument.
6.Describe a stake with no voice, or voice with no stake, that you have experienced. What did the missing half cost?
Week IX, Plate 9: two variables, four outcomes.
X
Going Back to Our Future
The whole argument, in one lineAn Ownership Society is the evolutionarily stable next mutation of democratic capitalism: it honours the founding instruction, satisfies the mathematics of cooperation, and reliably funds a limited government that protects both fundamental rights.
Required reading
The Evolution of an Ownership Society
Walter Barry
The full essay, plus your own notes from Weeks I–IX
Get the reading
The Evolution of an Ownership Society
Walter Barry
The Citizen's Share
Joseph Blasi, Richard Freeman and Douglas Kruse
SuperCooperators
Martin Nowak with Roger Highfield
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Objectives
- Reconstruct the argument from biology to policy without notes.
- Apply the invadability test to your own proposals.
- Commit to one action at household, firm, and civic scale.
Answer before next class
1.Write the argument in 300 words for someone who disagrees with you. Then answer their strongest objection.
Week X, Plate 1: the chain of nine links.
2.Which link in the chain is weakest, in your judgment? What evidence would strengthen it?
Week X, Plate 4: objections, taken seriously.
3.Commit to one action at household, workplace, and civic scale. What will you have done within 30 days?
Week X, Plate 5: three actions.
4.Choose the objection you find strongest and answer it in your own words. Where does your answer remain incomplete?
Week X, Plate 7: objection and response.
5.Write your own falsification test: what specific evidence would make you abandon the thesis?
Week X, Plate 8: tests the thesis could fail.
6.Set out your ninety-day plan with dates, and name the one proposal you will put in front of one decision-maker.
Week X, Plate 9: a ninety-day sequence.