Property rights, recorded at the gov't recorder's office, is what launched the US economy in the late 1800's. No other country had the system, and no other country even comes close now.
The right to property is an essential ingredient to a nation's economic success. It is not the only one. Property rights alone cannot explain it. Without a competition of ideas, the right of property can neither commence nor endure. Property rights cut one way, freedom of thought and its expression another. The Bill of Rights was not built solely upon the 5th amendment.
See David Landes' "Wealth and Poverty of Nations" for a study of the "cause" of wealth. As for me, I might label it, "all economics are politics" ...
Btw, for a lovely defense of the right of property, see this from President Wm. Howard Taft, at a time when that right was under severe distress:
It has been said, and it is a common platform expression, that it is well to prefer the man above the dollar, as if the preservation of property rights has some other purpose than the assistance to and the uplifting of human rights. Private property was not established in order to gratify love of some material wealth or capital. It was established as an instrumentality in the progress of civilization and the uplifting of man, and it is equality of opportunity that private property promotes by assuring to man the result of his own labor, thrift, and self-restraint.
When, therefore, the demagogue mounts the platform and announces that he prefers the man above the dollar, he ought to be interrogated as to what he means thereby -- whether he is in favor of abolishing the right of the institution of private property and of taking away from the poor man the opportunity to become wealthy by the use of the abilities that God has given him, the cultivation of the virtues with which practice of self-restraint and the exercise of moral courage will fortify him.