6min chapter

Free Thoughts cover image

Understanding Common Law (with John Hasnas)

Free Thoughts

CHAPTER

Is the Common Law to Stop Harm to Our Planet Before It Happens?

Common law is the process by which create private property rights, if you will. It's the rights and property that envolve that allow people to co operate with regard to environmental problems. People can use common resources as long as they can use it without conflict. And then when the resource starts to get scarce and to use it, people come into conflict. A conflict is what gives rise to eed for new rule. The rules usually assigns private rights in one way or another. In our current political climate, one of the highest profile issues is tort reform. We're trying to save us from the power of tort over regulated environment. Save us from this powerful regulatory mechanism called Tort Reform.

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