Property Law, Expropriation, and Resource Allocation by Government: the United States, 1789–1910

Harry N. Scheiber

The Journal of Economic History, 1973, vol. 33, issue 1, 232-251

Abstract: Expropriation of private property by government is seldom found on the list of policies which have influenced the course of economic development in American history. To be sure, the once-vigorous myth of antebellum laisser-faire has been discarded; and it is no longer taken as a startling proposition that governmental interventions to promote and regulate the economy occurred regularly throughout the nineteenth century. But for two reasons, I think, expropriation as an instrument of conscious resource allocation has failed to receive from historians the attention it deserves.

Date: 1973
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