First of all we see if there is no property defined
First of all we see if there is no property defined
, and there is no market activities. A simple example, no matter in which country are equally, if you own a House, or do you want to buy it back or do you want to sell it, you will usually need to have a real estate certificates. This is an interesting real estate certificates, it is not open to give you what you can accept, you must have an official document provided by the Government, you can easily engage in such transactions. This is why? why is a company, including the very famous company he gives you
Ugg Classic a certificate, regardless of the East and West, we do not accept it. We want the Government to its name, its seal engraves, to keep the book so the owner of a property, defined in the register, and then to resale. This problem is actually in economic theory, which has a very basic significance. Marcos in 1959, papers, have very important propositions, clearly defined property rights to all market activities start. If the property is not clear, how to complete the transaction process? how to pricing? buy how pragmatic person? later division specialized activities whatsoever. But the definition of the property, there is a very important aspect is that the Government should intervene. A property is not what I said was I, because we are able to move, if you do not have an abstract expression of property rights, and the transaction will encounter great difficulties. A deed, that many things can be clearly defined. Review of 30 years of reform and opening up, I mentioned an article summing up China's experience in this field, the Chinese economy has made great achievements to the ordinary person provides the service to determine the property, from the original everything into a large State-owned, and gradually begin recognizing farmers ' rights, recognizes that farmers cultivating the land rights, recognition of entrepreneurs founded the myriad of different enterprises, acknowledge that we have a lot of market trading platform can provide up to meet the requirements of the various resource allocation. So from this point of view the 30-year reform in China, is to constantly redefine the right process, this defines rights sometimes spontaneously generated, for example Cardy Boots rural household, this is my long contents of one of the farmers and the farmers began as a secret agreement between, but this agreement if you do not receive Government affirmed that a policy file, and the subsequent legal documents to it recognized and protected, such activities cannot be sustained without because people can generally not be of such a temporary arrangement, there has been a stable and long-term expected that if the definition is the basis of the market, we have seen the market, the Government has entered the market bottom. Any one of the market, if it is based on clearly defined property rights, then we see that we have no way to keep the Government from market structures are excluded. We look at transactions in any market, it must have an order, Austria had to this school has a very good description of the market economy has a long history of spontaneous everywhere produce market economy, he is considered a spontaneous order product. I also got some problems, because he ignores the spontaneous order, it is, in fact, there are two kinds of power in it. One is voluntary, the strength of the contract, you agree, I agree that we are all very beneficial. But the market trading activities, there is a power that cannot be ignored, it is force, we observe any one market, we call it free, we see people crowded in there, a bargain with commodity prices really what price, and we ignore this event is a condition of the environment, the community Uggs Boots or the organization that you want to exclude other ways to get scarce resources, and the other doors are sealed, it is not possible to have one robust because of the strength of the radish you away, you must tell the price, what force one can only conclude the transaction price to the force. In fact, if any one of the free ones, rescind the mandatory detention center of the State apparatus, the Court, and even the army altogether, it is difficult to see people so peace is engaged in voluntary activities, while other activities may substitute transaction, completed a scarce resource competition and access to forms. During the entire contract theory, most economists including contract research Economist, he is one of those activities on a voluntary basis. Because any one contract, he is willing, seconded by both sides. However, the contract economics also has some very important theory sprouting, stressed the voluntary contract reached out, voluntary power has played a significant role. But to fulfil the contract, he will encounter a so-called third-party implementation issues. Because the light has two sides, and what to do if you have a dispute, we cast a Treaty of the Treaty, as the situation changes, can not be fulfilled, that's what this every business experiences of people are aware of any contract, which will eventually have a section about the dispute process. Which tangles of the highest forms of, or the last form to Cheap Ugg Boots resort to a high of third parties, and the third party will have a monopoly, unique constraint, or the use of violence as the basis of that power. This is an important activity for all contracts, Bazel in papers on this branch have done a very important discussion, this us a lot of inspiration. If voluntary and voluntary activities in the dispute, be sure to find a third party, from a cost perspective, the unique characteristics of the end own legitimate violence arising from third parties, you can make many contracts tend to be implemented. In the currency of this variable from ancient times to the present are being persecuted by the Government of this variable, because money is a society which completes a transaction intermediary, at the same time he also defined the measurement, calculation of different goods and services of value, it is very important. However, from ancient times to the present do not see what a system there is no Government forces, we have seen the monetary system, the power, there will be a bad, the difference between benign and disadvantages, there will be a metal content, and finally to have power to give it a name and becomes the official coin, the
First of all we see if there is no property defined
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