Re: Eminent Domain Abuse

ruetheday_at_outgun.com
Date: 03/02/05 

Date: 1 Mar 2005 18:01:23 -0800

>Your use of "supply" is too limited in this context. The uses of land
>can change, affecting the "supply" of land for various purposes.

No, his definition is correct. In neoclassical economics, a supply
curve shows the quantity of something that will be supplied as a
function of price. In the case of land, the quantity of land is fixed
so the supply curve is a vertical line. Unless of course you have a
magical black box that can create land.

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