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In this provocative new book, Bruce Yandle explores the relationship between common law and environmental protection, and he discusses how people can limit environmental impact while living in a world of common access. Yandle examines today's most pressing environmental and natural resource management problems, including water quality, the ozone layer, acid rain, and access to groundwater contained in aquifers. He argues that common sense should dictate the simplest, least costly ways to address the problem of access to limited natural resources. Yandle challenges readers to invent methods for creating wealth by building appropriate institutions and enforcing intelligent laws. This book is essential reading for students and scholars of environmental economics, politics, and law.

"Bruce Yandle has distilled decades of distinguished teaching and research into a first-rate account, highly readable and rich with practical examples and case law, demonstrating the superiority of the common law within an economic system based on private property rights." University of Miami

Bruce Yandle

Bruce Yandle is dean emeritus of Clemson University's College of Business & Behavior Sciences and a professor of economics emeritus at Clemson. He is a Distinguished Adjunct Professor of Economics at the Mercatus Center, a faculty member with George Mason University's Capitol Hill Campus, and a Senior Fellow with the Property and Environment Research Center (PERC). He has served as executive director of the Federal Trade Commission in Washington, D.C., and served as senior economist on the President's Council on Wage and Price Stability from 1976 to 1978. Yandle has authored or edited fourteen books, including:

    * Taking the Environment Seriously
    * The Political Limits of Environmental Regulation
    * Environmental Use and the Market
    * Land Rights
    * The Economics of Environmental Quality
    * Common Law and Common Sense for the Environment
    * Regulation by Litigation