Austrian economics and tort law

Michael E. DeBow

Chapter 12 in Research Handbook on Austrian Law and Economics, 2017, pp 261-277 from Edward Elgar Publishing

Abstract: This chapter provides a history of the expanding domain of tort law in the United States, with a particular focus on the spread of the concept of strict liability and a consonant erosion of contractual liability in favor of torts. It then surveys differing Austrian viewpoints on the moral standard underlying torts, the merits of the common law, intentional and unintentional torts, and product liability. It concludes that Austrian scholars who are comfortable with the normative standard of “individual freedom from domination†should conduct research countering the case for the ever-growing expansion of tort law.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2017
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