This paper inaugurates the mathematical treatment of property theory, proving the two fundamental theorems for the property system that correspond to the two fundamental theorems for the competitive price system

Introduction to the Jurisprudence of Property and Contract -- Mathematical Introduction to the Jurisprudence of Property and Contract -- The Property Fallacy in Capital Theory and Corporate Finance Theory -- The Arrow-Debreu Model -- Marginal Productivity Theory -- Marxism as the Ultimate...

The market system consists of a price mechanism, built on the foundation of a system of property, and contract. In many developing, and transition economies, the market system functions poorly. In many cases, if not most, the malfunctioning is not simply in the price system (for example,...