[VorticesRcool]

I disagree. Many of the rules do not come down to only enforcing individual property rights. An optimal outcome for society and each individual can reached by enforcing them in many scenarios, but not all.

For example, how do you reach an optimal solution for orphans with the enforcement of private property rights? Or what about regulation of the relationship between a doctor and their patients? If the patient is mentally unable to act as a rational agent, there may be a conflict of interest between the doctor and patient without regulation.

What about health and safety standards? How does only focusing on private property rights deal with the vast asymmetry of information out there?