Proposals for Products Liability Reform: A Theoretical Synthesis

The debate among practicing lawyers and legislators about products liability reform 1 has failed to consider much of the recent scholarship in the law and economics of contracts and torts. 2 In light of these literatures, 1.The results of this debate are reflected in actual and proposed legislative interventions that overturn various products liability rules.For example, bills have been introduced in past sessions of Congress to create a national products liability law.See, e.g.