Regime vs type of ownership: The current trend in the development of ownership relations

Sergey N. Maksimov ()

Economics of Contemporary Russia, 2018, issue 2

Abstract: The article discusses the trends in the development of property relations due to changes in technological methods of production, the changing role of factors of production, in particular, the increase in the role of the human factor in modern conditions. The increasing role of man as an active subject of economic activity is reflected in his place in the relations of property. Traditional for the previous stages of development of social production division into “owners†and “non-owners†goes back to the past, conceding to distribution of powers of property in various combinations between all participants of economic activity. At the same time, modern transformations of property involve a significant revision of the conceptual apparatus used in the process. According to the author, currently loses its meaning such a thing as “form of ownership†, and more accurately reflects the current trends in the development of property relations is the concept of “ownership regime†, since the real content of property as appropriation is determined not by the fact of formal belonging of the object to the “title†owner, but by the real distribution of ownership rights in relation to the object of property between a number of economic entities, which are the “title†owners, managers, individual employees, etc., taking into account the interests of which becomes a necessary condition for the efficiency of economic activity. With this in mind, it is proposed to use the concept of the “distributed property†regime as a concept that most accurately reflects the modern processes taking place in property relations in the process of transition from hierarchical to heterarchic organization of economic processes. The latter means the regime of ownership, in which the powers of ownership are distributed among a number of economic entities in such a way that none of them can decide on the fate of the object without the consent of others.

Date: 2018
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