Contemporary Finance & Economics ›› 2012, Vol. 0 ›› Issue (10): 1577-.

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Market Economic System and Independent Property Right of Labor Force

YU Xian-zhong   

  1. (University of Jinan, Jinan 250022, China)
  • Received:2012-10-24 Published:2021-01-21

Abstract: The famous Coase theorem covers not only the property rights, but more importantly the human rights as the independent labor force property rights, which are a group of right bundles totally owned and freely controlled by free labors themselves with their creative abilities. It consists of five major parts: self ownership, rights to use, disposal rights, transaction rights and beneficial rights. In the context of economics, the independent labor force property rights are in fact the basic human rights contained in politics, sociology and laws. All development requirements can be restored to be the subjective rights requests for free and independent development. The degree of freedom is the extent of human liberation and a measure of social civilization. The systematical respect for and legal protection of the development rights of all the citizens are always foremost and fundamental. The content of the independent labor force property rights consists of very great development value and transformation significance.

Key words: labor force; independent property right; rights bundles; degrees of freedom; human rights