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Build-up and development of the concept of property as an economic category

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  • Plamen D. Tchipev

Abstract

The paper analyzes the concept of ownership (property rights) as a fundamental category of the economic system. For this purpose, it traces the development of perceptions and understandings of ownership over an extended period of time and the subsequent shift of several paradigms alongside their respective economic theories – from those of Plato to Barzel’s and Eggertsson’s. This includes the emergence, changing, upgrading or dropping of one or another characteristic within the concept of ownership. The analysis reveals the relationship of these conceptual changes with the respective features of each particular paradigm in order to summarize those characteristics which most comprehensively define the economic category itself. Special attention is paid to the institutional nature of ownership, with regard to launching an additional and, in a sense, alternative analysis from a supra-economic, systemic point of view.

Suggested Citation

  • Plamen D. Tchipev, 2023. "Build-up and development of the concept of property as an economic category," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 245-292.
    • Handle: RePEc:bas:econth:y:2023:i:3:p:245-292
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    References listed on IDEAS

    as
    1. Plamen D. Tchipev, 2019. "The Concept of the Ownership in the Late 'Socialist' Political Economy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 105-114.
    2. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    3. Steven G. Medema, 2014. "Economics and Institutions. Lessons from the Coase Theorem," Revue économique, Presses de Sciences-Po, vol. 65(2), pages 243-261.
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    More about this item

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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