CRM/LAW C10 Lecture Notes - Lecture 4: Eminent Domain, Redistribution Of Income And Wealth, Property Law
Document Summary
Utilitarianism (cid:1) (cid:1) (cid:1) (cid:1: maximize collective welfare, emphasis on government action for common good. Libertarianism: respect individual rights (life, liberty, property, minimize government coercion, except where necessary to protect individual rights, tend to favor smaller, weaker government. These issues also separate democrats and republicans: democrats = more utilitarian, more taxation, more regulation of markets and commerce, republicans = anti tax, anti regulation. Some government, some laws enforced by government; understand there are limits; need some sort of system to resolve conflict. Criminal law: laws that are designed to protect us, protect our liberties; laws against crimes that harm individuals by punishing individuals if they commit some harm. Tort law (law that involves compensating people through civil law system for harms that are done either accidentally or intentionally) Property law: involves some sort of regulation as to how you can use your property (potential for incompatible uses of property)