Property law has a boundary problem. Courts are routinely called upon to decide whether certain kinds of things can be … property law, questions like these have no justiciable answers. Because property has no conceptual essence, they maintain, its … straightforward descriptive theory of property’s boundaries. The common law of property is legitimated by its basis in the concept of …

As Hodgson has nicely pointed out, capitalism can be only understood if we accept that, unlike possession, property is … a social construction and a relation among individuals. Unlike possession, property does not require a material thing on … which it should be applied. Property rights can create fictitious commodities on intangible assets symbolizing the …