4 Importance of Property

Six points (the essay skeleton): economic foundation and incentives; credit and capitalformation (the mortgage — land as the collateral economy; "dead capital" without title); personal autonomy and dignity (the home); social order (clear boundaries prevent violence); state functions (revenue, planning, land reform); and intergenerational continuity (inheritance, the family unit's material constitution). For Nepal specifically: land is the majority asset class, the deepest source of litigation (land cases dominating court dockets for decades), and the site of the state's largest social engineering projects (land reform, acquisition, titling).