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Towards a Theory of Money Property Rights: The Formation of a Public Source of Money Over Time for All Economic Agents During All Times and for All Generations
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Noor allh Salehi *   |
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Abstract: (271 Views) |
Property rights are a tool of a society and its importance comes from the fact that it helps a person to logically form the expectations he can have in his relationship with others. When an exchange takes place in a market, two bundles of property rights are exchanged, one bundle of rights often attached to a physical good or service, but it is the value of the rights that determines the value of what is being exchanged. The issues related to the origin and composition of the components of this package of rights precede the issues that economists usually ask. Economists usually take the package or type of property rights as data and seek to explain the forces that determine the price and number of units of the commodity to which these rights are attached. Property rights express the right to benefit or harm oneself or others. One of the characteristics of economic systems is the ownership method. The range of economic systems is wide ranging from the acceptance of private ownership only to public ownership and the abolition of private ownership. Accurately determining the limits of property rights and related issues and determining the amount of monitoring rights play a fundamental role in the efficient allocation of resources. Property rights are the rights of people to use resources. These rights are established and enforced by official laws and government power, as well as by social traditions and customs. In this research, the ownership rights of money are going to be fully explained. The first point in the discussion of money ownership rights is the ownership of money over goods and services. From this point, the necessity of defining property rights for money is deduced.
On the other hand, maintaining the value of money over time is a certain principle in economics. So that it can be concluded, the preservation of the value of money over time is the same as the ownership rights of money over time.
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| Keywords: Value, money, forming a public source of money, ownership rights of money and loan contract |
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Full-Text [PDF 509 kb]
(111 Downloads)
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Type of Study: Research |
Subject:
Special
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