Eminent Domain: A Comparative Perspective

Description

The taking of private property for development projects has caused controversy in many nations, where it has often been used to benefit powerful interests at the expense of the general public. This edited collection is the first to use a common framework to analyze the law and economics of eminent domain around the world. The authors show that seemingly disparate nations face a common set of problems in seeking to regulate the condemnation of private property by the state. They include the tendency to forcibly displace the poor and politically weak for the benefit of those with greater influence, disputes over compensation, and resort to condemnation in cases where it destroys more economic value than it creates. With contributions from leading scholars in the fields of property law and economics, the book offers a comparative perspective and considers a wide range of possible solutions to these problems.

Iljoong Kim is Professor of Economics at Sungkyunkwan University, Seoul, where he was also awarded the Dasan Economics Chair. Professor Kim is a leading expert in the field of law and economics in Korea, where his research activities have ignited scholarly interest in the field. Hojun Lee is a Fellow at the Korean Development Institute (KDI). His academic research topics include mechanism design in public sectors, law and economics of property rights, and public finance of regional development. He is also Director of Public Private Partnership Division at KDI. Ilya Somin is Professor of Law at the George Mason University, Virginia. His research focuses on constitutional law and property law. He is the author of The Grasping Hand: Kelo v. City of New London and the Limits of Eminent Domain (2015) and Democracy and Political Ignorance, 2nd edition (2016).

'This volume is a superb analysis of eminent domain at a genuinely global level. It shows a close relationship between a nation's level of economic development and the degree of protection for private property rights against takings. The organization is systematic in that the authors faithfully follow a unified analytic framework to overcome the difficulty of making meaningful inter-jurisdictional comparisons. As a judge who has experienced different stages of development in my own country, I am certain that professional and lay readers alike can benefit from this wide-ranging and learned book.' Soon-il Kwon, Honorable Justice, Supreme Court of Korea 'In Eminent Domain: A Comparative Perspective, Ilya Somin, Hojun Lee, and Iljoong Kim have assembled a panoramic view of the law of eminent domain across nations as diverse as Germany, the United States, South Korea, and Taiwan. Providing an exceptionally complete yet concise summary of each regime, this volume also provides an extraordinarily useful framework for understanding how and why each system succeeds or fails in safeguarding fundamental rights to retain what one owns in the face of eminent domain. It is an essential volume for anyone studying or defending the right to private property.' Roderick M. Hills, William T. Comfort, III Professor of Law, New York University 'The use of the eminent domain power is common throughout democracies in both the developed and developing world. The exercise of that power, so necessary for sustainable growth, is also fraught with great peril. This timely and instructive volume fills a major gap in the literature by examining the ups and downs of eminent domain in a comparative context, with special emphasis on the law of South Korea, which has been the home to some of the most important takings conflicts in recent years.' Richard Epstein, Laurence A. Tisch Professor of Law, New York University