Define economic analysis to argue for or against the view

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Question: In Kelo v. City of New London, 545 U.S. 469 (2005), the U.S. Supreme court decided a case in which landowners challenged the power of a city in Connecticut to take their property for redevelopment. The redevelopment plan did not contemplate that all of the land would be open to the public. Parts would be privately developed. The plaintiffs alleged that the taking was unconstitutional because it was not for a public purpose. The Supreme Court rejected this claim. Use economic analysis to argue for or against the view that such a mixed development plan should be regarded as serving a public purpose. (For some recent cases like this one, see Web Note 5.9.)

Reference no: EM131908323

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