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1. What is meant by cause-in-fact? Explain how the logic of cause-in-fact does not always make economic sense.

2. Why is it that in manufacturing and medicine the legal rule is generally strict liability?

3. Explain the following quote from Richard Epstein: "The moral case behindstrict liability is that the distribution of gains and losses matters as much as the total size of the social pie."

4. How is it that tort law is inadequate to deal with crime?

5. How is it that the economic theory of crime and punishment differs from the traditional theory of criminal law? what does the economic model add?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91867409

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