Transformation of Property Concept in the West

Abstract

Though areas such as law currently see it as a mere subject of technical investigation, property is an important concept for justifying capitalism. The idea or assumption that transition to capitalism from feudalism as it is defined in European history requires a transformation of values, is useful for the explanation of property s conceptual transformation. This article follows that transformation from classical writers conceptions of virtue to post-Financial Revolution era s political theorization within different philosophical texts. Also, it is argued that the transformation of property is not a complete break from the conception, thinking of it as a premise for freedom can be a sign of continuity in mentioned philosophers.