  Density functional calculations for the electronic conductance of single
molecules are now common. We examine the methodology from a rigorous point of
view, discussing where it can be expected to work, and where it should fail.
When molecules are weakly coupled to leads, local and gradient-corrected
approximations fail, as the Kohn-Sham levels are misaligned. In the weak bias
regime, XC corrections to the current are missed by the standard methodology.
For finite bias, a new methodology for performing calculations can be
rigorously derived using an extension of time-dependent current density
functional theory from the Schroedinger equation to a Master equation.

Mesoscale and Nanoscale Physics