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The Economic Theory of Eminent Domain by Thomas J. Miceli

The Economic Theory of Eminent Domain

by Thomas J. Miceli
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Book cover type: Paperback
  • ISBN13: 9780521182973
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 216
  • Original Price: GBP 29.0
  • Language: English
  • Edition: N/A
  • Item Weight: 295 grams
  • BISAC Subject(s): Economics / Theory

This book 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? And 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.

Miceli, Thomas J.: - Thomas J. Miceli is Professor of Economics at the University of Connecticut, Storrs, where he has taught since 1987. He is a recognized scholar in the fields of law and economics and urban economics and he has published widely in such journals as The Journal of Legal Studies, The Journal of Law and Economics and The Rand Journal of Economics. The Economic Theory of Eminent Domain is his fifth book. Professor Miceli received his Ph.D. from Brown University in 1988.

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