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Public/Private Divide

In: The Evolution of the Property Relation

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  • Ann E. Davis

Abstract

The notion of “property” in the discussion so far has emphasized its social, collective nature, in contrast to its usual conception as an object in mainstream economics. To further this consideration, this chapter focuses on the public/private divide, and its role in the stabilization and routinization of social and economic processes that assure the reproduction of institutions. In Classical Liberal Theory, individual private property is the limit of the state, and the demarcation of the public/private divide (Horwitz 1992, 10–11). Categories themselves have histories, and awareness of the shifts of meaning over time is important for understanding their role in institutional foundation, identity formation, and in scientific inquiry (Edwards 2011, 336–337; Glickman 2011, 226–227; Koselleck 2002). Dichotomies, in particular, can stabilize concepts with ambiguous meaning (Poovey 1998; Scott 1988, 5–7). The role of categories is particularly important in institutional methodology, which focuses on the linguistic dimension of establishing institutions, the role of science, including law, along with the historical evolution of institutions.

Suggested Citation

  • Ann E. Davis, 2015. "Public/Private Divide," Palgrave Macmillan Books, in: The Evolution of the Property Relation, chapter 0, pages 95-121, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34656-8_4
    DOI: 10.1057/9781137346568_4
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