"The law-and-economics movement remains a dominant force in American private law, despite widespread recognition that many of its assumptions are implausible and that efficiency is not the law's only goal. This book adds to the debate by showing that many leading law-and-economics arguments fail...

Ethics, economics, and the law of property / Frank I. Michelman -- Professor Michelman's unnecessary and futile search for the philosopher's touchstone / Harold Demsetz -- Private property and the public domain : the case of antitrust / Richard A. Epstein -- The economic analysis of law / Jules...

Governments and development agencies spend considerable resources building property and company registries to protect property rights. When these efforts succeed, owners feel secure enough to invest in their property and banks are able use it as collateral for credit. Similarly, firms prosper...