ABSTRACT
This chapter begins with argument is based on two premises. First, principles of property are silent on the question of the division of joint products. Second, the market is a form of cooperation in production which makes the total social product a joint product. It argues that the case of joint production raises a distributive problem to which the rules of property cannot furnish a clear solution. The chapter claims that the market is a form of cooperative production and that the total social product is a joint product. It explains the meaning of cooperation and lay out three models of joint production, only to show that these are present in the market. It offers an explanation of why some may resist such a view of the market. The chapter concludes by examining the possibility of portraying the market distribution as an agreement constrained by self-ownership.
