Income is a series of events.

Author: Zhou Qiren
Publisher:
Publish Date: 2004-02-01
Features: Traditional economics might overlook a point slightly: Clear property rights definition is the prerequisite for market transactions. Without clear property rights definition, it is difficult to decide whether an output should be used in-house or sold, whether it should be partially sold or fully sold, and how the terms of sale should be determined. Without clear property rights definition, the potential transaction costs could be so high that the transaction might not even occur! This book is divided into seven thematic sections, including "Academic Realm," "Farmers' Income is a Series of Events," "Residual Thoughts on Agricultural Land Systems," "Monopoly and Regulation Talk," "Market Access Controversies," and "State-owned Assets Transfer Rights."