Community Economics

Like it or not, we are bound to one another in a multiplicity of ways. We all share our air, waters, and space. A scarcity of resources instigates a dispute as to who is most right in a conflict. The perpetual animosity between members of a community takes place in a number of forms. Say a factory opens up and the byproduct is acid rain. The factory profits from opening up in the area, but …

…this case, one homeowner decided to paint their house a bright purple hue. The neighbors were not so happy with what they perceived to be an eye sore and something that could potentially lower the value of the house in plain view of the purple house. So who has the right here: The homeowners to paint their house whatever color they so chose or the neighbors to an aesthetically sound view from their front yard?