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Law and Economics

1997

University of Michigan Law School

Accident law

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The Idea Of Fairness In The Law Of Enterprise Liability, Gregory C. Keating Mar 1997

The Idea Of Fairness In The Law Of Enterprise Liability, Gregory C. Keating

Michigan Law Review

The theory and practice of enterprise liability are oddly disjoined. On the one hand, case rhetoric insists that considerations of fairness are among the primary justifications for imposing enterprise liability. On the other hand, normatively inclined and theoretically ambitious scholarship on enterprise liability is overwhelmingly economic in cast. Economically inclined scholars have flocked to the field, while other kinds of tort theorists have shunned it, implicitly or explicitly conceding it to economic analysis. This paper argues that, contrary to this consensus, there is a powerful and important fairness case to be made for enterprise liability. This case fits the rhetoric …