According to the conventional wisdom, road transportation would be highly inefficient without the government’s power of eminent domain, because property owners could refuse to sell their property at the government’s asking price. In reality, there are strong grounds for thinking that private, for-profit road companies would have fewer problems with holdouts and few problems as severe as that of government failure in road transportation.


Other Independent Review articles by Bruce L. Benson
    Winter 2015   The New Scarlett Letter?
    Fall 2014   Let’s Focus on Victim Justice, Not Criminal Justice
    Winter 2008   The Evolution of Eminent Domain
[View All (8)]