Historical and Logical Approaches to the Theory of Credit: the Debt Claim Evolution and its Dynamic Model
Abstract
The article is devoted to the economic analysis of the debts evolution in the Roman civil law. It demonstrates the process of liability transformation from personal to property claims and their circulation in a civil turnover. The author has employed a combination of historical and logical approaches to the analysis of credit relations system formation. He has also investigated the system structure and designed a dynamic model of debt claim.
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Credit Theory
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.