Much natural capital is common property \u2013 owned by no one. Important examples are water and fish. Such property is generally greatly overused \u2013 the lamentable histories of the American bison and the passenger pigeon illustrate the power of this tendency. Commercially valuable fish are today going through the same process. But there are ways of avoiding this, by establishing property rights or in other ways limiting access and usage. Such mechanisms have worked well for some fisheries and some aquifers, but fishing on the high seas is still out of control.<\/p>","DOI":"10.7312\/columbia\/9780231180849.003.0006","type":"book-chapter","created":{"date-parts":[[2019,1,24]],"date-time":"2019-01-24T19:37:29Z","timestamp":1548358649000},"page":"85-110","source":"Crossref","is-referenced-by-count":0,"title":["Everyone\u2019s Property is No One\u2019s Property"],"prefix":"10.7312","author":[{"given":"Geoffrey","family":"Heal","sequence":"first","affiliation":[]}],"member":"4359","published-online":{"date-parts":[[2019,1,24]]},"container-title":["Endangered Economies"],"original-title":["Everyone\u2019s Property is No One\u2019s Property"],"language":"en","deposited":{"date-parts":[[2022,7,28]],"date-time":"2022-07-28T16:56:19Z","timestamp":1659027379000},"score":11.98876,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/columbia-scholarship-online\/book\/13661\/chapter\/167244250"}},"issued":{"date-parts":[[2016,12,20]]},"ISBN":["9780231180849","9780231543286"],"references-count":0,"URL":"https:\/\/doi.org\/10.7312\/columbia\/9780231180849.003.0006","published":{"date-parts":[[2016,12,20]]}},{"indexed":{"date-parts":[[2026,2,27]],"date-time":"2026-02-27T05:14:28Z","timestamp":1772169268202,"version":"3.50.1"},"reference-count":0,"publisher":"Policy Press","isbn-type":[{"value":"9781529235784","type":"print"},{"value":"9781529235814","type":"electronic"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2024,7,31]]},"abstract":"
This chapter opens by examining the importance of history and detailed empirical (\u2018thick\u2019) research to conceptual and theoretical development. It goes on to argue that all the theories of property currently vying for supremacy can make a contribution to our understanding of property in contemporary capitalism, but that a social relational conception is indispensable to understanding property-as-capital. Disagreeing with those who argue there is no such thing as capitalism, it explores the nature of capitalism, arguing that it is distinguished by a particular, historically specific \u2018logic of process\u2019 \u2013 a logic which finds expression in all areas of social life; it has moral as well as economic dimensions. In recent decades, the operation of this logic has been extended and intensified and is, it is argued, one of the main sources of the polycrisis. The chapter concludes by looking briefly at the implications of the analysis offered by the book for change, seeking to identify, in a suggestive rather than systematic manner, a trajectory for reform.<\/p>","DOI":"10.1332\/policypress\/9781529235784.003.0008","type":"book-chapter","created":{"date-parts":[[2025,1,22]],"date-time":"2025-01-22T16:15:01Z","timestamp":1737562501000},"page":"222-261","source":"Crossref","is-referenced-by-count":0,"title":["Property and Social Transformation"],"prefix":"10.1332","author":[{"given":"Paddy","family":"Ireland","sequence":"first","affiliation":[]}],"member":"165","published-online":{"date-parts":[[2025,1,23]]},"container-title":["Property in Contemporary Capitalism"],"original-title":["Property and Social Transformation"],"language":"en","deposited":{"date-parts":[[2025,1,22]],"date-time":"2025-01-22T16:15:01Z","timestamp":1737562501000},"score":11.920347,"resource":{"primary":{"URL":"https:\/\/academic.oup.com\/book\/doi\/10.1332\/policypress\/9781529235784.003.0008"}},"issued":{"date-parts":[[2024,7,31]]},"ISBN":["9781529235784","9781529235814"],"references-count":0,"URL":"https:\/\/doi.org\/10.1332\/policypress\/9781529235784.003.0008","relation":{"is-identical-to":[{"id-type":"doi","id":"10.46692\/9781529235807.008","asserted-by":"object"}]},"published":{"date-parts":[[2024,7,31]]}},{"indexed":{"date-parts":[[2023,9,12]],"date-time":"2023-09-12T08:43:01Z","timestamp":1694508181558},"reference-count":0,"publisher":"Hart Publishing","isbn-type":[{"value":"9781474200431","type":"electronic"}],"content-domain":{"domain":[],"crossmark-restriction":false},"DOI":"10.5040\/9781474200431.ch-001","type":"book-chapter","created":{"date-parts":[[2014,9,19]],"date-time":"2014-09-19T22:32:17Z","timestamp":1411165937000},"source":"Crossref","is-referenced-by-count":0,"title":["Property in an Electronic Age"],"prefix":"10.5040","member":"2984","container-title":["Modern Studies in Property Law Volume 1 Property 2000"],"deposited":{"date-parts":[[2023,9,11]],"date-time":"2023-09-11T23:52:04Z","timestamp":1694476324000},"score":11.885417,"resource":{"primary":{"URL":"https:\/\/www.bloomsburycollections.com\/monograph-detail?docid=b-9781474200431&tocid=b-9781474200431-chapter1"}},"issued":{"date-parts":[[null]]},"ISBN":["9781474200431"],"references-count":0,"URL":"https:\/\/doi.org\/10.5040\/9781474200431.ch-001"},{"indexed":{"date-parts":[[2026,2,27]],"date-time":"2026-02-27T05:14:47Z","timestamp":1772169287046,"version":"3.50.1"},"reference-count":0,"publisher":"Policy Press","isbn-type":[{"value":"9781529235784","type":"print"},{"value":"9781529235814","type":"electronic"}],"content-domain":{"domain":[],"crossmark-restriction":false},"published-print":{"date-parts":[[2024,7,31]]},"abstract":"
This chapter explores the historical and material conditions of existence of the modern conception of property as private property and thing-ownership, linking them to the rise of capitalist social relations. It moves on to look at what an empirically grounded analysis of any specific set of empirically existing property\/property institutions would involve, and at the role of law in constituting and safeguarding modern property and property rights. In this context, it focuses in particular on the intangible financial property forms that are now central to wealth and power, and whose value is based on expectations about future revenues. 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