The Institution of Property

Jim Otteson's thoughts on the "three or four best all-time readings on political economy."  https://pileusblog.wordpress.com/2011/12/16/all-you-need-on-political-ec...

I can't think of any better than Otteson's first two:  Hayek's "Use of Knowledge" and Bastiat's "Seen & Unseen."  

Clark Wolf's essay, link below, elaborates how a theory of this kind applies to future generations and to usufructuary rights. 

See also Eric Roark's discussion of what would happen for better and for worse if the Proviso were applied to ongoing use.