Tort Law Reforms Could Reduce Accident Costs and Protect Victims
The article discusses how economic ideas can help to manage accidental injuries through tort law. The main goal is to find ways to compensate victims and prevent risky behavior. The focus is on making sure that rules encourage safe actions by holding people responsible for their mistakes. By looking at specific parts of tort law, the article shows how liability can be linked to negligence. It also touches on how product liability can be viewed economically under tort law. Essentially, the research attempts to simplify and explain how tort law can be more efficient in promoting safety and compensating those who are harmed.