The points Paul Robbin’s makes in the book have to do with the multiple variables affecting the environments of the world. In the book, he writes mainly on the environment pressures associated with making them less sustainable along with those growing implications, such as populations, that keep mankind from making the progress we expect to achieve. As we become more socially aware, there are new ways that we need to look at things because assumptions are not always seen on both ends and this book explains why.
Robbins’ alluded to the term “common property” which is something that we are pretty familiar with as a “commons.” It makes sense that this is a reoccurring topic because it is problem with the growing populations and degradation of our environment. We struggle for things that were once in abundance and were willing to use freely and without concern. The fault in self-regulation is what makes us the governing body to our our own turmoil.
The value of those resources in the market is another topic I felt was an important topic to look at. He uses a model that lists the challenges to the market assumptions and it states: “transactions are not by any means free, contracts and property rights have to be defined and enforced often at great legal and regulatory expense, and not all parties to negotiations have perfect and equal information.” So basically, economic exchange is weird because the real world value may be more than what the assumed value is because of various factors. A common scenario, that is easy to understand, is a good that is becoming scarce in a market, but is manipulated by monopolies who take advantage by upping the price because it is vital for life. Non-market values also exist that can add to the challenges. Opinions make deals lopsided when it comes to valuing things like aesthetic. Green Thinking is something else that can be used to make something for appealing as we enter a new age of conciseness. Things are better marketable as they begin to become more environmentally friendly, as consumers feel more entitled to do their part in keeping a sustainable earth.