ABSTRACT
In the accepted economic theories the ground of ownership is commonly conceived to be the productive labor of the owner. This is taken, without reflection or question, to be the legitimate basis of property; he who has produced a useful thing should possess and enjoy it. On this head the socialists and the economists of the classical line – the two extremes of economic speculation – are substantially at one. The point is not in controversy, or at least it has not been until recently; it has been accepted as an axiomatic premise. With the socialists it has served as the ground of their demand that the laborer should receive the full product of his labor. To classical economists the axiom has, perhaps, been as much trouble as it has been worth. It has given them no end of bother to explain how the capitalist is the “producer” of the goods that pass into his possession, and how it is true that the laborer gets what he produces. Sporadic instances of ownership quite dissociated from creative industry are recognized and taken account of as departures from the normal; they are due to disturbing causes. The main position is scarcely questioned, that in the normal case wealth is distributed in proportion to – and in some cogent sense because of – the recipient’s contribution to the product. Not only is the productive labor of the owner the definitive ground of his
ownership today, but the derivation of the institution of property is similarly traced to the productive labor of that putative savage hunter who produced two deer or one beaver or twelve fish. The conjectural history of the origin of property, so far as it has been written by the economists, has been constructed out of conjecture proceeding on the preconceptions of Natural Rights and a coercive Order of Nature. To anyone who approaches the question of ownership with only an incidental interest in its solution (as is true of the classical, pre-evolutionary economists), and fortified with the preconceptions [353] of natural rights, all this seems plain. It sufficiently accounts for the institution, both in point of logical derivation and in point of historical development. The “natural” owner is the person who has “produced” an article, or who, by a constructively equivalent expenditure of productive force, has found and appropriated an object. It is conceived that such a person becomes the owner of the article by virtue of the immediate logical inclusion of the idea of ownership under the idea of creative industry.
