In order to understand the legal and economic implications of the classical liberal view of the individual in the Laguna Niguel community, and the California state, one must understand the two principal ways in which scarce social resources are allocated.
According to classical liberal theory, the allocation of scarce resources in a society can occur either by economic or by political means. In either case, the primary objective is to allocate limited supplies of resources to competing users.
This article addresses the two methods of resource allocation, and the purpose of the discussion is not to reiterate prior debates concerning public choice theory, but to make some distinct observations about the ideological significance of choosing one form of resource allocation over the other in Laguna Niguel.
Although a society is unlikely to be absolute in its form of resource allocation, it is significant when one form predominates over the other, or when an evolutionary process that seems to be transforming the relative positions of the two alternative approaches is at work. Laguna Niguel Real Estate market today is undergoing an important transition from the use of the economic to the political means; a transition that shifts the framework of legal and economic thinking from a focus on individualist values to a focus on communitarian values.
For these reasons it is important to describe and explore the meaning and con-
sequences of both approaches to resource allocation in the Laguna Market.
The economic means for accomplishing the allocation of scarce social resources are based on the operation of a marketplace of exchange. Although the Laguna marketplace of exchange can be a barter system, it typically is understood as a market in which price and currency act as the medium of exchange in order to facilitate transactions between numerous strangers. At the same instant it also offers a wide variety of goods and services in exchange for an equally wide audience. It makes the Laguna Niguel marketplace perfect and ideal for investment.
Lisa Cooper is an expert realtor and deals in Laguna Niguel Real Estate, Dana Point Real Estate, San Juan Capistrano Real Estate, and Orange County Real Estate.
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