By Bruce Yandle
People have always faced the challenge of living in a world with incomplete property rights, that part of the world known as "the commons." The book explains how two approaches have emerged for dealing with the commons: evolved rules based on common sense and common law provide one potential solution to the problem; statutes, regulation, and command and control--the law of politics--offer another category of solutions.
Common Sense and Common Law provides a rich story of common law, how it works to protect environmental rights, and how it has competed with politics to guard environmental and natural resources. The book notes a resurgence of common law and common law thinking and assesses future prospects for improving the legal environment that determines environmental outcome.
Rowman & Littlefield Publishers, Inc.
4720 Boston Way
Lanham, MD 20706
800-462-6420


Founded 30 years ago in Bozeman, Montana, PERC—the Property and Environment Research Center—is the nation’s oldest and largest institute dedicated to improving environmental quality through property rights and markets.
PERC’s publications, each designed to resonate with specific groups, move ideas generated at PERC to broader audiences.
Research is at the heart of PERC's work, with a focus on the question: What is the link between economic growth and environmental quality?
The goal of PERC’s programs is to fully realize the vision of establishing “PERC University,” where scholars, students, policy makers, and others convene to expand the applications of free market environmentalism.
PERC's fellowships share a common goal of exposing new scholars, students, journalists, and policy makers to free market environmentalism, as well as enable scholars already familiar with FME to explore new applications.
PERC continues to publish and present a broad range of research and discussion through podcasts, videos, and other multimedia channels.