The prolific team of William Landes and Richard Posner have drawn
upon their 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,.".Landes and Posner, who are always forceful and often
controversial, directly challenge the charges of overdeterrence and
underdeterrence, concluding that the common law of torts has
succeeded admirably in achieving economically optimal
incentives...Landes and Posner's thoroughly accessible work is an
interesting and readable narrative...[An] excellent book...Landes
and Posner have played a major role in replacing the traditional
legal justification of the tort system based on notions of fairness
and compensation with a concern for efficiency and deterrence. The
profound revolution has come...Landes and Posner deserve
considerable credit for identifying the extent to which efficiency
considerations are significant in many areas of tort law. -- John
J. Donohue III "Harvard Law Review" (03/01/1989)
This collection is a spirited defense of economic
analysis...Together [with Steven Shavell's "Economic Analysis of
Accident Law"] they constitute the most comprehensive defense of
the economic analysis of tort law currently available, and are
strongly recommended accordingly. -- Jules L. Coleman "Yale Law
Journal" (05/01/1988)
"The Economic Structure of Tort Law" is a significant piece of
scholarship...More wondrous still, Landes and Posner have produced
a highly readable book. -- Thomas S. Ulen "Law and Society Review"
(06/01/1989)
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