Quarterly Journal of Austrian Economics
Author:
Jörg Guido Hülsmann
Online Publish Date:
Volume 7, No. 4 (Winter 2004) Court decisions and legislation have a profound impact on the economy because they define and modify property rights. Economists have therefore always been interested in analyzing this impact. In the present work, we will deliver a critique of Coase’s approach and then outline an alternative approach to the