The Economic Theory of Eminent Domain

Private Property, Public Use

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Reference & Language, Law, Business & Finance
Cover of the book The Economic Theory of Eminent Domain by Thomas J. Miceli, Cambridge University Press
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Author: Thomas J. Miceli ISBN: 9781139088831
Publisher: Cambridge University Press Publication: June 20, 2011
Imprint: Cambridge University Press Language: English
Author: Thomas J. Miceli
ISBN: 9781139088831
Publisher: Cambridge University Press
Publication: June 20, 2011
Imprint: Cambridge University Press
Language: English

Surveys the contributions that economic theory has made to the often contentious debate over the government's use of its power of eminent domain, as prescribed by the Fifth Amendment. It addresses such questions as: when should the government be allowed to take private property without the owner's consent? Does it depend on how the land will be used? Also, what amount of compensation is the landowner entitled to receive (if any)? The recent case of Kelo v. New London (2005) revitalized the debate, but it was only the latest skirmish in the ongoing struggle between advocates of strong governmental powers to acquire private property in the public interest and private property rights advocates. Written for a general audience, the book advances a coherent theory that views eminent domain within the context of the government's proper role in an economic system whose primary objective is to achieve efficient land use.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Surveys the contributions that economic theory has made to the often contentious debate over the government's use of its power of eminent domain, as prescribed by the Fifth Amendment. It addresses such questions as: when should the government be allowed to take private property without the owner's consent? Does it depend on how the land will be used? Also, what amount of compensation is the landowner entitled to receive (if any)? The recent case of Kelo v. New London (2005) revitalized the debate, but it was only the latest skirmish in the ongoing struggle between advocates of strong governmental powers to acquire private property in the public interest and private property rights advocates. Written for a general audience, the book advances a coherent theory that views eminent domain within the context of the government's proper role in an economic system whose primary objective is to achieve efficient land use.

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