Cover: Economic Analysis of Accident Law, from Harvard University PressCover: Economic Analysis of Accident Law in PAPERBACK

Economic Analysis of Accident Law

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Product Details

PAPERBACK

$45.00 • £36.95 • €40.50

ISBN 9780674024175

Publication Date: 03/31/2007

Short

320 pages

6 x 9 inches

8 line illustrations, 13 tables

World

Related Subjects

“[This] is certainly a masterpiece.”—Thomas S. Ulen, Journal of Economic Literature

“The strength of Shavell’s book is its lucid, structured development and explication of the economic model. It represents the best systematic presentation of the relevance of economic argument for issues of risk allocation.”—Jules L. Coleman, Yale Law Journal

“Steven Shavell…[has] drawn upon [his] previous path-breaking work to issue [one of] the most important books in the law and economics of tort law since the release in 1970 of Guido Calabresi’s The Costs of Accidents… The work is a masterful tribute to the power of economic modelling and the use of optimization techniques… I, for one, was immensely impressed by the richness of the insights that Shavell’s theoretical approach provided into the fundamental issues of tort law.”—John J. Donohue III, Harvard Law Review

Accident law, if properly designed, is capable of reducing the incidence of mishaps by making people act more cautiously. Scholarly writing on this branch of law traditionally has been concerned with examining the law for consistency with felt notions of right and duty. Since the 1960s, however, a group of legal scholars and economists have focused on identifying the effects of accident law on people’s behavior. Steven Shavell’s book is the definitive synthesis of research to date in this new field.

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In awarding Bruno Latour the 2021 Kyoto Prize for Arts and Philosophy, the Inamori Foundation said he has “revolutionized the conventional view of science” and “his philosophy re-examines ‘modernity’ based on the dualism of nature and society.” Below is an excerpt from An Inquiry into Modes of Existence: An Anthropology of the Moderns. For more than twenty years, scientific and technological controversies have proliferated in number and scope, eventually reaching the climate itself. Since geologists are beginning to use the term “Anthropocene” to designate the era of Earth’s history that follows the Holocene