Difference between revisions of "Eminent Domain"
From Critiques Of Libertarianism
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[[Category:Property]] | [[Category:Property]] | ||
[[Category:Market Failure]] | [[Category:Market Failure]] | ||
| − | {{DES | des = Libertarians hate this limitation on property rights, ranting incessantly. And when used corruptly, it is detestable to all. But it does have an important role to play in overcoming a common market failure called the [[Tragedy Of The Anticommons]]. | show=}} | + | {{DES | des = Libertarians hate this limitation on property rights, ranting incessantly. And when used corruptly, it is detestable to all. But it does have an important role to play in overcoming a common market failure called the [[Tragedy Of The Anticommons]]. The key concept is that property ownership is not an unmitigated good, and, |
| + | worse yet, it can lead to economic gridlock and underutilization of resources.| show=}} | ||
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