Reforming Products Liability

“Kip Viscusi presents a careful and compelling indictment of the modern system of product liability law, which skillfully weaves together economic theory, legal doctrine, and statistical and anecdotal evidence. The book should become a standard reference for readers in all relevant disciplines who are interested in the pros and cons of product liability reform.”—Richard A. Epstein, University of Chicago Law School

“The standard view of the products liability crisis, largely based on anecdotal evidence, proclaims that the most important policy goal is to reduce tort claims and insurance premiums. This outstanding book, based on systematic, empirical investigation, tells us how to improve the product liability regime for consumers and injury victims as well as for manufacturers and their insurers.”—Paul C. Weiler, Harvard Law School