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Beyond Property and the Public/Private Divide

In: The Evolution of the Property Relation

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  • Ann E. Davis

Abstract

Property is a central aspect of the modern liberal nation-state, along with the individual and money. There is a widespread understanding of property as a concrete object, which is at the complete discretion of the owner. This form of property is a foundation of the independence and autonomy of that individual. The allocation of that property is the source of income, a reward to the owner for his judicious decisions to increase its market value. Such a system allocates property to its highest and best use, for the society as a whole. This system achieves prosperity and happiness for the nation as an unintended outcome of individual decisions made for each individual’s own self-interest.

Suggested Citation

  • Ann E. Davis, 2015. "Beyond Property and the Public/Private Divide," Palgrave Macmillan Books, in: The Evolution of the Property Relation, chapter 0, pages 159-193, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34656-8_6
    DOI: 10.1057/9781137346568_6
    as

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