Saturday, February 26, 2011
As I get ready for Property's land-use finale this semester, I will be making room to show a scene from one of my favorite movies of all time, Bill Forsyth's Local Hero. A mid-level oil executive (Peter Riegert) is dispatched by the company CEO (Burt Lancaster) to buy up an entire Scottish coastal village to make way for a vast North Sea petrochemical facility. Almost to a person, the villagers welcome the opportunity to pull up stakes and sell.
The scene that I will show involves the negotiations over relocating the elderly beachcomber, who is skeptical about releasing his legal claim in exchange for any of the most expensive tropical shorelines in the world. Another scene offers a brief exchange relating to sustainable economic development. Both go quickly to the heart of the difference between market and subjective valuations of land and the role the latter plays in sustaining community. If nothing else, my prep will be an excuse to watch one of the funniest movies about modern village life around.
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