Economic Ramifications of Stringent Tort Laws
Date Submitted: 11/23/2004 02:19:03
Category: / Law & Government / Law Issues
Length: 16 pages (4450 words)
Category: / Law & Government / Law Issues
Length: 16 pages (4450 words)
Part 1. Executive Summary We look at the progressive stringent interpretation of tort laws. We observe the starvation of the economic engines and commanding heights of the economy. This effect is all the more evident in tobacco, pharmaceutical and automobile industries in the US. This has resulted in stifled innovation and risk averse behavior on the part of industries in these sectors. We draw parallels from history, where we look at the evolution of tort law, …
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…tort law on Washington?s Health care Delivery System? ? A report from the Washington State Medical?Education and Research Foundation- September 2002 7.? Fundamental Reform of tort law? , Paul.H. Rubin.
8.Mark Geistfeld, The Role(s) of Economic Analysis in Tort Law 9.Brown, John P., Toward an Economic Theory of Liability, 2 J. Legal stud. 323 (1973).
10.Grady Mark, A New Positive Economic Theory of Negligence, 92 Yale L.J.799 (1983).
11.Landes, William, Richard A.Posner, The Economic Structure Of Tort Law (1987).
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