This paper (1) investigates Hayek's proposition that law in the sense of universal rules of conduct and property are the only solution to the problem of reconciling indi-vidual freedom with the absence of conflict. It (2) argues that the test of the compatibility with the inherited body of law...

This paper analyzes "property rights" from a Law and Economics viewpoint. It deals with the relation between "property rights" and allocative efficiency as well as with the protection of "property rights" through damages, liability rules or criminal law. Moreover, market failures (monopoly,...