Property promoting and restricting to a certain extend the activity of entrepreneurs is private property. The increase of the wealth is secured in the confines of a particular productive consumption, which starts with the product of another production; yet ultimately, the process of production is justifiable only if it provides something more in addition to the already given in the initial economic good. The increasing stock of goods is always a private contribution of a certain producer, and such a stock is a private property. Thus, the production and the consumption of products are allocated to discrete spheres and they are not common property.
Historical Backdrop
• ARISTOTLE Politics: the property is a number of instruments.
• THOMAS HOBBES Leviathan: covetousness.
• PIERRE NICOLE Of Charity and Self-Love: self-love.
• BERNARD DE MANDEVILLE The Fable of the Bees: self-regard.
• JOHANN GOTTLIEB FICHTE The Closed Commercial State: property not an object but a limited sphere of the free activity.
• GEORG HEGEL Philosophy of Right: property as embodiment of will.
• ARTUR SCHOPENHAUER The World as Will and Idea: right according to non-right.
• ARMEN ALCHIAN and HAROLD DEMSETZ The Property Right Paradigm: private right.