ქართ | Eng

ISSN 2449-2396 (Print) | E ISSN 2449-2612 (Online)

JEL Classifications: A12; K10; K11; K19


https://doi.org/10.35945/gb.2022.13.003



ON ECONOMIC AND LEGAL ASPECTS OF PROPERTY

Author: Teimuraz Beridze, Nunu Ovsyannikova | Published: 2022-05-17 | Pages: 25-29

Full Text

For Citation: Beridze, T., & Ovsyannikova, N. (2022). On Economical and Legal Aspects of the Property. Globalization and Business. 13, 25-29. https://doi.org/10.35945/gb.2022.13.003

Abstract

25-29 The article deals with the issues of property as a fundamental economic category of the system of economic relations of societies. From the point of view of the methodology of analysis of property relations, economic and legal aspects are differentiated. In particular, in the first case, relations between subjects are implied in the process of production, distribution, exchange, and consumption of material goods (de facto), and in the second case, ownership (who owns what) (de jure). The economy (its functioning) is based on the actions of objective economic laws, while the law is based on subjective judgments and decisions. The privatization of property should not be an end in itself, but a way to effectively use the factors of production, which ultimately ensures economic growth. No form of ownership leads to an automatic increase in efficiency (the experience of post-Soviet reality has confirmed this). An analysis of the economics of crime and punishment is given.


Keywords

Property, Economic and Legal Aspects of Property, Crime and Punishment


References

Alchian, A. (2008). Property rights in David R. Henderson. Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics & Liberty. ISBN 978-0-86597-665-8. OCLC 237794267;

Alchian, A. A. (2008). Property Rights. New Palgrave Dictionary of Economics, Second edition.

Becker, G. S. (2003). Selected Works on Economic Theory. Human Behavior. Economical Approach. Moscow. High School of Economics (HSE).

Calabresi, G. (2016). The Future of Law and Economics: Essays in Reform and Recollection. ISBN-13: 9780300195897 Yale University DOI: 10.12987/Yale/ 9780300195897.001.0001

Coase, R.H. (1937). The Nature of the Firm. Economica. 4 (16). https://onlinelibrary.wiley.com/doi/10.1111/j.1468-0335.1937.tb00002.x

Cooter, R., & Ulen, T. (2012). Law and Economics. Boston: Addison-Wesley. 10-34; 70-73.

Economic Transition in Eastern Europe and Russia. Realities of Reform. Edited by Edward P. Lazear (1995) Hoover Institution Press. Stanford University. Stanford California;

François Quesnay (Juin 1766). Analyse de la formule arithmétique du tableau economique de la distribution des depenses annuelles d’une Nation Agricole. Journal de l’Agriculture, du Commerce et des Finances. 2(3): 11-41;

Le Marquis de Mirabeau. (1901). Ses Theories Politiques et Economiques, (These pour le Doctoral) Paris;

Making Markets. Economic Transformation in Eastern Europe and the Post-Soviet States. Ed. by Shafiqul Islam and Michael Mandelbaum (1993) Council on Foreign Relations Press. New York.

Posner, R. A. (2011). Wolters Kluwer. Austin Boston Chicago New York the Netherlands. 3-36.

The Great Transformation. The Political and Economic Origins of our time. Karl Polanyi. Beacon Press Boston. 1944; second edition 1957.

Turgot, A. R. J. (1793). Reflections on the Formation and Distribution of Wealth. London: Printed by E.Spragg, for J.Good, Bookseller, 159. New Bond Street; John Anderson, 62, Holborn Hill; and W.Richardson, Royal.

Globalization & Business European University European University European University mes.gov.ge erih plus mes.gov.ge EBSCO index copernicus Google Scholar Crossref Open Academic Journals Index ISSN WorldCat Microsoft Academic Dimensions DRJI The National Parliamentary Library of Georgia Internet Archive