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In the past three decades, a mounting wave of litigation has swept the United States, prompting Newsweek to describe America as “lawsuit hell.” Fear of litigation has reduced innovation, menaced the health-care industry, driven manufacturers out of lawsuit-prone specialties, and increased consumer costs. Other critics, however, insist that the tort crisis is a myth and that no evidence links tort awards to America’s economic ills.
Is the tort system in crisis? What is driving the increase in tort awards? Do jury awards vary along lines of wealth and race? In Judge and Jury: American Tort Law on Trial (Independent Institute, 2006), economists Alexander Tabarrok and Eric Helland analyze tens of thousands of tort cases from across the United States to determine what drives the system, where it excels, and where it needs repair. Please join us as we discuss America’s litigation culture and options for reform.
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Sunday, November 22, 2009
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