Public property

Definition and stakes

Portrait of Scott Nearing Scott Nearing,  Civilization and Beyond: Learning from History

“ Another significant institution of civilization is the idea of ownership, the division of property into public property and private property and the right of the private property owner to do what he will with his property, subject always to the over-riding principle of eminent domain: the right of the community to expropriate private property for public uses, with or without compensation.
Another institution of civilization is the provision of public services in addition to means of communication and transportation.
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Source: Gutenberg

Portrait of Frank A. Fetter Frank A. Fetter,  Economics Volume II: Modern Economic Problems

“ The varied and often strict limitations of property mentioned above are all determined by some thought, wise or foolish, of social expediency. Different parts of wealth may be treated in different ways: there may be private property in wagons, and public property in roads; private property in houses, and public property in forests; private property in automobiles, and public property in railway carriages. But any rule of property, like any other workable human law, must be applicable to all individuals that meet the conditions. ”
Source: Gutenberg

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