Property combining the activity of entrepreneurs is common property. All the products are interdependent since for the production of one, another is required as raw material, and in the consumption of one, another is produced. The increase of a product actually is not a private matter – not a process unfolding in isolation – but a result of interaction between the parties otherwise divided in the private property. The separation of production and consumption inevitably creates a wealth on the terms of common property; as every entrepreneur requires the deficient good of the other and delivers an economic good usable only for the other entrepreneur.
Historical Backdrop
• PLATO The Republic and The Laws: community of property.
• FRANCIS BACON New Atlantis: community property.
• KARL MARX Critique of Political Economy in The Economic Manuscripts of 1857-1858: the private interest is a socially determined interest.
• JOHN BATES CLARK The Philosophy of Wealth: the social law constitutes the want of one as interest of all.
• GEORG SIMMEL Philosophy of Money: objective forms of values.
• JEAN-FRANCOIS LYOTARD The Postmodern Condition: information.