| The huge achievement obtains of the reform and open for the past 20 years should first give credit to the property right system transformation. Similarly, in the current economic life there are all kinds of questions, also may sum up in the very great degree to the definition of the property right. The delimitation of rights is an essential prelude to market transactions, but it has not been able to perform completely.The property right structure was the basic essential factor to define one economic system, including the various restraints and the limitation conditions. From deciding who obtains the income from the resources use and undertakes the cost, decided the leading status of the structure of public wealth assignment of one society and the way of resources allocation, that was the foundation of society's restrain and motivation mechanism. Under the different property right restraint there are different competition criteria. To adapt these criteria, individual competes with each other and mutually affects each other, therefore gradually formed the various patterns of human behavior. And the different behavior patterns are the main reasons that cause the huge differences of the economic system hi the economical achievements.From the property right restraint angle of view, the dissertation attempts to propose one property right analysis frame to explain various economic questions and phenomena, based on the study of the property right theory of New Institution School, and also from the objective description and inductive summary of the property right structure of our country.The choice of the property right system is decided by the factor endowment, the progress of technology and the social economy development level. When the productivity enhanced from the further definition of the property right, compared with the needs to consume the resources is bigger, from economic development point of view, it will produce the demand to change the system. Thereupon the property rights that occupy the society's leading status will unceasingly evolve to a clearer direction. Also the history of human society also confirmed the unceasingly consummated development course that the system of property right was passes through from the non- property right definition condition, to the common property right condition, and finally arrived at the private property right system.iiiNonetheless the current choice of the property right arrangement of our country actually is not stemmed from this kind of cost - benefit consideration. I will call the present situation of property right structure incomplete property right, and it contains three aspects of characteristics: (1) The private property right receives many limits and constrains because of its lacking of legal approval; (2) the massive existence of public property right, but the efficiency is low; (3) The government authority lacks the system constrains, increases the determinism when the property right is in to exercise.The nature of this kind of property right structure leads to the multiple criteria of social competition, but the price criterion attenuation causes the corresponding pattern of human behavior and the requests of realization of public wealth behavior maximization to be very different. This becomes the main reason that restricts the vast economic development level of our country.In the positive analysis part of my dissertation, I will use usury, the extremely uncoordinated phenomenon in the major background of modern society, as an example, to verify the various meanings of the above supposition.The government has the power to determine the interest rate, the long-term implementation of credit management system created the flow-out of rural community fund. But the state-owned commercial bank, which is awarded the monopoly power of saves and the loan, determined by its own property right nature, in the very great degree certainly is not an enterprise that takes gains as its main goal. On the other hand, the individual currency property right has...
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