"Risks & Wrongs" by Jules Coleman & "Economic Analysis of Law by Richard Posner Comparison Essay by The Research Group

"Risks & Wrongs" by Jules Coleman & "Economic Analysis of Law by Richard Posner
Compares books on meaning, goals, costs of tort law.
# 11424 | 1,350 words | 2 sources | 1996 | US
Published on May 18, 2003 in Law (Tort)


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From the Paper:

"A tort is a wrongful act which may be remedied by a civil lawsuit. Different theorists approach the issue of torts from different perspectives. In 1992 Jules L. Coleman and Richard A. Posner each wrote a book about his perspective on this topic.

Coleman takes the point of view of an economist and uses a market paradigm in addressing issues in the law. The market paradigm is based on two postulates: 1) the principle of rationality; and 2) the economist's conception of the perfectly competitive market as the ideal institutional embodiment of the law. The principle of rationality means that assuming no criterion of justice or fairness that cannot be derived from the principle of rationality.

Coleman writes, "The market paradigm does not deny that there can be a justified morality. Quite the contrary, It means..."

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"Risks & Wrongs" by Jules Coleman & "Economic Analysis of Law by Richard Posner (2003, May 18) Retrieved February 07, 2023, from https://www.academon.com/comparison-essay/risks-wrongs-by-jules-coleman-economic-analysis-of-law-by-richard-posner-11424/

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""Risks & Wrongs" by Jules Coleman & "Economic Analysis of Law by Richard Posner" 18 May 2003. Web. 07 February. 2023. <https://www.academon.com/comparison-essay/risks-wrongs-by-jules-coleman-economic-analysis-of-law-by-richard-posner-11424/>

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