Abstract

This chapter explores a modest suggestion that John Locke is susceptible to a wide range of interpretations because of his position midway between premodern and modern conceptions of property rights. Lockean property represents an uneasy hybrid of classical or Christian theories of distributive justice and modern capitalist theories of procedural justice which have succeeded in the intervening centuries in displacing them. Locke's defense of private property is at once natural and positive, utilitarian and grounded in natural rights, secular and theological, hedonistic and custodial. Lockean proprietorship generates affirmative responsibilities of good stewardship. Lockean property rights convey reciprocal entitlements and responsibilities. After Locke's painstaking treatment of the origins of money and private property in Second Treatise, the advent of political society appears a rather belated innovation. Instead of being natural or spontaneous, the social contract follows only in the wake of a community's assent to money and its attendant inequalities.