2006•Journal of Guangzhou UniversityRequires access

The economics meaning of credit and conceptual discrimination on some related conceptions

Cheng Min-xuan

Open publisher page 0 citations

Abstract

The definition that credit is to keep one's words in social and economic interactions is powerful enough to almost cover every aspect of economic activities and social life,and to interpret various individual behaviors.The economics meaning of credit is to keep contract run,be honest in transaction,and cast opportunist behaviors away.This complies both with the general definition which focuses on the inherent quality of keeping promise,and with economic credit's characteristics which attach importance to honest transaction,to contract and never harming the benefits of the other party by taking advantage of information.While honesty and trust,trust and reputation have close relationship with credit,it is necessary to give a theoretical discrimination on these concepts.

About this research paper

What this paper is about

The definition that credit is to keep one's words in social and economic interactions is powerful enough to almost cover every aspect of economic activities and social life,and to interpret various individual behaviors.The economics meaning of credit is to keep contract run,be honest in transaction,and cast opportunist behaviors away.This complies both with the general definition which focuses on the inherent quality of keeping promise,and with economic credit's characteristics which attach importance to honest transaction,to contract and never harming the benefits of the other party by taking advantage of information.While honesty and trust,trust and reputation have close relationship with credit,it is necessary to give a theoretical discrimination on these concepts.

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The definition that credit is to keep one's words in social and economic interactions is powerful enough to almost cover every aspect of economic activities and social life,and to interpret various individual behaviors.The economics meaning of credit is to keep contract run,be honest in transaction,and cast opportunist behaviors away.This complies both with the general definition which focuses on the inherent quality of keeping promise,and with economic credit's characteristics which attach importance to honest transaction,to contract and never harming the benefits of the other party by taking advantage of information.While honesty and trust,trust and reputation have close relationship with credit,it is necessary to give a theoretical discrimination on these concepts.

Key concepts: Honesty, Meaning (existential), Reputation, Quality (philosophy), Database transaction, Transaction cost, Positive economics, Law and economics

Related papers

Back to paper searchBrowse research topicsOriginal source
The economics meaning of credit and conceptual discrimination on some related conceptions — Research Paper | ScholarLens