Theoretical Analysis on the Evolution of independent Property Institution

Since the peplacement of feudalism by capitalism,private property right has been innovated an property right institution has been established.Thus gave a solid foundation to the capitalist market economy and its development,promoted the social productivity and developed the economy.On match to the improvement of socialized production,independent corporate property right institution sublates the `independence'of personal property right,realizes the innovation of enterprise property organization system and the capital socialization which accelarated the economic development.This historical evolution of independent property institution has a great current significance to our undertaking institutional innovation and the economic development.