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- W1735227251 abstract "This Article questions how well standard economic analysis justifies the land-use torts that Ronald Coase popularized in The Problem of Social Cost. The Article compares standard economic analyses of these torts against an interpretation that follows from the natural-rights morality that informed the content of these torts in their formative years. The “Jeffersonian” natural-rights morality predicts the contours of tort doctrine more determinately and accurately than “Coasian” economic analysis.The comparison teaches at least three important lessons. First, a significant swath of doctrine, Jeffersonian natural-rights morality explains and justifies important tort doctrine quite determinately. Second, this natural-rights morality complements corrective justice theory by the substantive rights that tort’s corrective-justice features seek to rectify when wronged. Finally, standard economic tort analysis cannot prescribe determinate results without making simplifying assumptions more characteristic of moral philosophy than of social science." @default.
- W1735227251 created "2016-06-24" @default.
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- W1735227251 date "2008-01-01" @default.
- W1735227251 modified "2023-09-23" @default.
- W1735227251 title "Jefferson Meets Coase: Land-Use Torts, Law and Economics, and Natural Property Rights" @default.
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- W1735227251 doi "https://doi.org/10.2139/ssrn.1117999" @default.
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