Saint Albert the Great: Why Property is Needed

Saint Albert the Great Why Property is Needed
Saint Albert the Great (1200-1280) was a theologian and philosopher of great renown.

He was a Dominican bishop, best known as a teacher of Saint Thomas Aquinas at the University of Paris. He simply states the reason why private property is to be preferred over that owned by all.

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He states: “Everyone is by nature inclined to pay more attention to what is his own than to what is common; so that if this will be better cultivated it will also grow to good fruition where all are concerned; and this advantage is obtained from the fact that possessions are private.”

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(as quoted in Odd Langholm, Economics in the Medieval Schools: Wealth, Exchange, Value, Money and Usury According to the Paris Theological Tradition 1200-1350, Leiden: E.J. Brill, 1992, p. 174)