Unformatted text preview: SC Supreme Court reversed, saying that the act was to prevent public harm, and no compensation is allowed under the takings clause, regardless of the regulations effect on the properties value. Defense: South Carolina Coastal Council Verdict: He gets compensation. Building houses is not terribly noxious. It’s completely unfair to take land and give 0 in return. Law and Economics Notes:...
View Full Document
- Fall '07
- Economics, Supreme Court of the United States, DAVID H. LUCAS