The costs of accidents a legal and economic analysis by guido calabresi is a work in the law and economics tradition because it provides an economic efficiency analysis of the rules of tort lawthe text was initially published in 1970 by yale university press overview the central aim of tort law is not the absolute minimization of losses from individual accidents because the total accident . The costs of accidents a legal and economic analysis guido calabresi on amazoncom free shipping on qualifying offers accident law is currently under review throughout the united states and indeed the world as present systems prove increasingly inadequate to handle the mounting costs of automobile accidents in this pioneering work. Some myths will make our analysis difficult if not cleared up the first is that our society wants to avoid accidents at all costs the second is that there is an inexorable economic law that dictates the right way to allocate accident losses the third is that when critics and courts talk about distributing the risk of accidents they have a specific goal or subgoal in mind and the . The costs of accidents a legal and economic analysis guido caiabrsi yale university press new haven and london 1970 pp 1 340 1000 richard a posner torts is not my field but in one sense neither is it guido calabresis although he is a professor of tort law at the yale law school in neither. Calabresis book is most significant for its first rate combination of modern economic analysis and legal policy the methodology and underlying principles extend far beyond the particular subject matter of accident law to many other legal areas that could benefit from economic analysis
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