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Affiliation(s)

Guangxi Normal University, Guilin, China

ABSTRACT

“Some foreign scholars have proposed that the new institutional economics can unify the social sciences.” Behind the institution is property, and the dual cognition of property is the obstacle. Property dualism comes from the thought dualism in the western rationalism tradition. The transcendence of “property dualism” has experienced the stages of “labor value” and “reasonable value”, and the new era has ushered in the opportunity of the third transcendence. In the first two stages, “abundance” and “scarcity” are the root causes of the contradiction in the transcendence of property dualism. Marx’s basic property view of production relations(property relations)unifies the property views of Locke, Hume, and Commons. The three-dimensional property system model developed on the basis of Marx’s complex property view provides a theoretical tool for the third transcendence of property dualism. We have cracked the western rationalism dualism with Marx’s historical materialism and reconciled the property dualism with three-dimensional property system model. By this, we can continue to explore the potential of “institution unifying social sciences”.

KEYWORDS

property dualism,philosophy of property system, institutional economics, governance

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