Land Grab
Peter J. Boettke,
Christopher Coyne and
Peter Leeson
Chapter 9 in Property Rights, 2010, pp 173-186 from Palgrave Macmillan
Abstract:
Abstract Eminent domain is the power of the state to confiscate private property for its own use without the owner’s consent. The takings clause of the Fifth Amendment grants the U.S. federal government the authority to use eminent domain provided the taking is for “public use” and the property’s owner is “justly compensated.”1 The Fourteenth Amendment extends right to state and local governments.
Keywords: Austrian Economic; Regulatory Taking; Entrepreneurial Opportunity; Market Process; Profit Opportunity (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10779-3_9
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DOI: 10.1057/9780230107793_9
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