Introduction -- Efficiency and equity -- The coase theorem -- First application : nuisance law -- Second application : breach of contract -- Third application : automobile accidents -- Risk bearing and insurance -- Fourth application : breach of contract again -- Fifth application : automobile...

The study deals with Huerta de Soto's thesis about the "mistaken doctrine of common law", which is based on the equalization of depositum irregulare and mutuum contracts. He concluded that equalization of these contracts resulted in the creation of business cycles. According to this study,...