Sitting on your Hands as an Alternative to Money :: essays papers

Sitting on your Hands as an Alternative to Money The old adage capital cant buy happiness app arntly was never in condition(p) in the small town of Dilley, Oregon. Jonathan Hawes is a convicted conjure up offender who was released into night club after serving a five-year prison sentence. Upon his release from prison he planned to carry into his mother Wendy Brewtons house in Dilley, Oregon. on a lower floor Megans Law, police are required to notify neighbors when a convicted sex offender is classified as predatory. Before Hawes was classified, Ms. Brewtons daughter alerted neighbors of Hawes impending arrival. This upset the small community of 300 to 400 people. Suddenly, neighbors began researching the use of baleful force and the effect of watchdogs. The town called a meeting to discuss the slur with Ms. Brewton. The meeting became quite heated and at one point a resident threatened Hawes life. The meeting left it clear to Ms. Brewton that Hawes was not valued in her house, which was located a mere 200 feet from a enlighten bus stop. To resolve the conflict, at least three families pooled their money in concert and paid $250,000 to buy Ms. Brewtons house. The families arrived at the dollar amount by taking the average of two state-approved appraisals on the twenty-seven acre land and house. The neighbors ascribe $50,000 down and took out a mortgage on the remainder to batten that a convicted sex offender is not among them.Bilateral Problem When analyse from an economic perspective, it is clear that the problem of what to do to prevent Hawes from moving in is reciprocal. According to Coase, the traditional question would be if Hawes inflicts harm on the residents of Dilley how should Hawes be restrained. The real question is who should be allowed to harm whom to avoid the more severe harm. To analyze which harm is greater, both sides must be taken into account. The neighbors are attempting to avoid the potential harm to their real m. With Hawes arrival, they are on heightened alert for their childrens safety. This constant fear brings down the property values in the neighborhood because of its undesirable nature. Hawes is also harmed by not being able to work into familiar surroundings that he has a legal right to move into. In the end, the neighbors decided that the harm was great enough to warrant remunerative Ms.