Description: The prolific team of William Landes and Richard Posner have drawn upon their previous path-breaking work to issue [one of] the most important books in the law and economics of tort law since the release in 1970 of Guido Calabresi's The Costs of Accidents...Landes and Posner, who are always forceful and often controversial, directly challenge the charges of overdeterrence and underdeterrence, concluding that the common law of torts has succeeded admirably in achieving economically optimal incentives...Landes and Posner's thoroughly accessible work is an interesting and readable narrative...[An] excellent book...Landes and Posner have played a major role in replacing the traditional legal justification of the tort system based on notions of fairness and compensation with a concern for efficiency and deterrence. The profound revolution has come...Landes and Posner deserve considerable credit for identifying the extent to which efficiency considerations are significant in many areas of tort law.

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