Industry contracts are different from the General market transaction key

Industry contracts are different from the General market transaction key

, first in business contracts includes labor utilization. With this in mind, Marcos himself in his paper in 1937, this has been very concise explanation. He said that the enterprise features of the contract, "the purchase of services work clearly higher than the purchase of articles has become more important. When you purchase items, and major projects to advance description which detail at a later date decided not large "(Coase, p. 7). Conversely, it is precisely because of the enterprise must Christian Louboutin Shoes purchase services, but services instructions only prior sale "probably, later decide to detail the meaning of" particularly important that the Enterprise contract distinguishes it from other market contracts.

Marcos did not elaborate further, why labour utilization and trade, the need for such a special contract. In the 30s of the 20th century, before and after the Economist, on which there seemed to be not a more thorough description. No wonder, because in the 1960s and the rise of the modern theory of human capital, Economics Research of the labour factor, it seems to have never been better than on land and non-human capital of weak. Contemporary human capital theory of why the economic growth in the gross output of the growth factor Wedding Shoes inputs grows faster as a source of discovery health, education, training and more effective economic capacity and other factors, to become a modern revenue growth in an increasingly important source chultz, 1961. However, the majority of human capital theory of literature, but also to non-human capital theory of some principles to human resources analysis. When human capital economists put human health, production and production of knowledge as a capital stock, that is, as a present, and future outputs and a source of income growth, human capital and human capital in the form of almost no difference.

But from the perspective of market contracts on human capital, cannot fail to note the human capital is particularly important in the form of property right. If Rosen (Rosen, 1985), the title of human capital is limited to embody it. In my opinion, this is a unique title. Any other economic resources include a variety of non-human capital and ownership of the land, either belong to individuals or families, communities, other community or national, but also can not belong to any person or groups of people. However, human health, physical strength, experience, knowledge, skills, and other spiritual stock ownership of land can only be an Louboutin Sale indivisible part of the carrier; this vector must be not only, and must be a living individual. In classical economics home, Marx noted human capacity belongs only to the individual. In Marx's vision of socialist society, all non-human capital already belongs to the whole of society in the public, the market has already extinct, but even so pure, but also the default individual talent, thereby tacitly working ability is the natural privilege, but also must be retained according to the actual provision of labor laborer in the quantity and quality to allocate consumption data of the bourgeois thing. See Marx's critique of the Gotha programme, the anthology of Marx and Engels volume 3, page 12 people's press 1972. In the interpretation of the human capital Rosen can only belong to the personal characteristics of the property, with a restriction in a free society. He means that only allow one free legal conditions, the human capital is a talent to be true. But read the Bazel on the slave economy research, we can think, even removed the "free society," restricted conditions, the human capital belongs only to the individual topics are still to be established. Slaves in the slave, arms belong to its owner property. Therefore the master can fully control the slave labor and took away all the outputs. However, the slave is a property of the active analyse the mention of his assets to the "active" concept of contribution. Not only will run, and in fact in control of the supply of labor effort. Slaves, mainly in the mandatory conditions of physical strength and dispatching slave labor to even pay extremely high "control and control costs", nor can you do as it wishes. In order to save costs, part of the of slavery, the slave will not only must treat the slaves, and had to implement quotas, which allows the slave after the excess Christian Louboutin Sale has its own "private", resulting in some very capable slaves accumulated wealth, and eventually bought him itself, become free. It is said that the human capital as a natural person for private and even slavery thing structure will not be able to completely ignore their existence. Contrary to the principle of the free market transactions and other institutional arrangement thing, of course, may lead to human capital property in koudum palisades torn. Like any other asset, the complete human capital utilization, contract options, income and transfer of rights, some rights Christian Louboutin Boots may be limited or removed. At this point, even though the human capital in a thing on a clear attribution to the person whose property is also compromised the strength. In this context, human capital and to the situation of human capital, there is nothing special. However, human capital, natural characteristics of the individual, so that it can occur in the incompletion to utterly different than non-human capital, to respond. Human capital is the Basel active assets and it's owner personal full control over the development and utilization of assets. Therefore, when human capital right part of the bundle is limited or deleted, the property owner you can add the appropriate human assets off, so that such assets seems to be never exist. A piece of land is confiscated, it can be immediately transferred to the new host and maintain the same area and soil fertility; however a confiscation even to the slave's hands, he also might not be running lazy, stupid or even death. In short, the truncation of human capital.

Industry contracts are different from the General market transaction key

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