Quarterly Journal of Austrian Economics
The A Priori Foundations of Property Economics
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 study of law and economics. Although this alternative approach has a venerable tradition in economic science, it lacks a generally recognized name. We will call it “property economics.”
Cite This Article
Hülsmann, Jörg Guido. "The A Priori Foundations of Property Economics." The Quarterly Journal of Austrian Economics 7, No. 4 (Winter 2004): 41–68.