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Miceli, a professor of economics in the College of Liberal Arts and Sciences, says eminent domain, a subject that can join conservatives and liberals in a passionate defense of private property, can be seen in another light. Taking private property for public use is justified when a more valuable use of the land will result, he says.
The controversial Kelo decision by the U. While the court decision was argued on political grounds and raised great controversy because the resulting development would have been private, the economic grounds were compelling.
The New London case caused states around the country to pass more restrictive eminent domain laws to prevent similar takings. In New London, the land taking was intended to benefit a private development of waterfront apartments and shops meant to serve Pfizer employees and generate jobs and tax revenues for the city.
The Economics of Eminent Domain - UConn Today
But the recession hit, and Pfizer closed its New London facility. Meanwhile the city had taken the land, razed houses, and moved homeowners.
Fear Bob Woodward Inbunden. Skickas inom vardagar.
- Thomas Miceli publishes “The Economic Theory of Eminent Domain: Private Property, Public Use”;
- The Economic Theory of Eminent Domain!
- Passar bra ihop.
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: Does it depend on how the land will be used? Also, what amount of compensation is the landowner entitled to receive if any?
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The Economic Theory of Eminent Domain
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