The author of takings sorts out some vital issues. This book sorts out eminent domain issues, based on a clearly described economic theory of government. Epstein settles the 'Lockean Proviso' issue, and reasons through many other issues. For example, he makes the case for flat taxes over so called progressive taxes. But above all, this book establishes that anything that the government does constitutes a taking of some kind, and takings are only justified in very limited circumstances.
Takings is the best reasoned critique of modern transfer states that I have seen. This is one of a few books that has really changed the way I think about political economy. Every Law and Public Policy student should read this book, as should David Souter.
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