SysFeat
  • Introduction ▾
    • Foreward
    • Preface
    • Overview
  • Political Economy ▾
    • The Economy
    • Commodities
    • The Enterprise
    • Accounting
    • Capital
    • Profit
    • Employment
    • Distribution
    • Wages
    • Interest
    • Prices
    • Money
  • Economic Policies ▾
    • Five main principles
    • Cleaning up the capital market
    • Cleaning up the labor market
    • Liberating civil society
  • About▾
    • Who are we?
    • Original Documents
    • Appendixes
Home› Part II – Political economy propositions› Chapter 1 - The Economy›Proposition 1.3
< Previous Next >

1.3 All gift, voluntary or forced, of a quantity of money or of another thing having a market value, is a transfer of an item of economic exchange.

Any such transfer is economic, and any economic transfer is of this kind. The concept of economic transfer is inseparable from that of economic exchange because the latter participates in the definition, in the logic of finite sets, of what an economic transfer is and is not.

1. A property, or a provision of services, has a market value, i.e. a market value, when it is of a nature that it can be sold.

The verb "sell" and the expression "market value" 27 used in relation to non-monetary terms of economic exchange only and not also to means of payment. In what economic assets include are the credit balances of bank accounts and cash, which are means of purchase and donation. The use of language is limited to the respect of a distinction whose theoretical validity is patent, despite the petītiō principiī of the so-called supreme law of supply and demand. This invented supremacy leads to maintaining, against the facts, that money is an economic wealth like any other, on the grounds that it is offered and demanded.

2. To speak of a "transfer of property" instead of a "transfer of a economic exchange term" is also appropriate when there is no doubt that the property in question is an item of economic exchange.

Moreover, it is self-evident to speak of a transfer in a context where there is no doubt that it is the transfer of a economic exchange term. Moreover, it is more relevant to speak of a transfer as a whole than of "transfer income". This expression conflates one thing with one of its opposites: the counterpart in exchange and the subsidy.

3. Any transfer of money or other property with market value is a subsidy.

A subsidy is a transfer of purchasing power. A tax is a subsidy that the legislator obliges to provide and that is used to carry out economic exchanges and to grant subsidies.

4. Transfers made compulsory by the legislator are not necessarily public.

This is the case, for example, with the maintenance obligation and the eponymous pension. Moreover, the legislator requires economic exchanges, for example the subscription of a car insurance contract if necessary. Family life imposes the need for parents to provide for their children, as well as, sometimes, for children to provide for their parents. Other circumstances make it essential or desirable to practice the subsidy on a private basis of subsidy. It is as much part of the fundamental freedoms as the practice of economic exchange.

5. A compulsory contribution to a family allowance scheme is a transfer.

On the other hand, a contribution to a compulsory insurance scheme, in particular health and unemployment insurance, is not a transfer but a premium in exchange for guarantees.

6. A contribution to a pay-as-you-go and points-based pension scheme is not a transfer since there is in return the payment, when the time comes, of a pension proportional to the number of points purchased.

This type of pension is quasi-saving placement income that is just as much an annuity as saving placement income. Life annuities by a pay-as-you-go pension scheme other than by points are nevertheless pensions by transfer.

© 2025 SysFeat - The Formal Ontology of Economics: Foundations for an Objective Political Economy