phenomenon), we argue that money is a social relationship, specifically a debt relationship, that emerges with propertied, class … such organizations, precluded debt and the self-interested behavior that is consistent with debt. Adopting the Chartalist …

identified labor as the original and just foundation of property. Succinctly, Locke's was a labor theory of property. Now, while … Locke saw private property as legitimate, he proposed that the state of nature within which people interact is part of a …'s position by contrasting his exchange-based view of money with the debt-based or Chartalist theory of money. We demonstrate that …

The focus of this research paper is on the debt ownership choice of UK property companies. The data show that bank … borrowings constitute more than half of the total outstanding debt of the quoted property sector, testifying to the widespread … use of bank debt among property companies. We carried out four censored regressions to identify key factors influencing …