The discussion so far suggests a simple solution to the problem of creating efficient legal rules – private property plus freedom of exchange.
Everything belongs to someone. Everyone is free to buy or sell on any terms mutually acceptable to buyer and seller… Any new good belongs to whoever produced it.
So if the cost of producing a good, the summed cost of all the necessary inputs, is less than its value to whoever values it most, it will pay someone to buy the inputs, produce the good, and sell it to the highest bidder.
Not only do all goods end up in their highest valued uses, but all goods are produced if and only if their value to whoever values them most is greater than their cost to whoever can produce them most easily
Utopia, you are standing in it! 
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