This paper reports the distribution of doctoral degrees in economics and in other fields among faculty at the 26 highest ranked law schools. Almost one-third of professors at the top 13 law schools have a Ph.D. degree, with nine percent having a Ph.D. in economics. Law school rank is highly...

The 1998 Master Settlement Agreement resolved the unprecedented litigation in which the states sought to recoup the cigarette-related Medicaid costs. The litigation was settled through a combination of negotiated regulatory requirements and financial payments of about $250 billion over 25 years....

Calabresi's theory of tort liability (1961) as a risk distribution mechanism established insurance as an objective of tort liability. Calabresi's risk-spreading concept of tort has provided the impetus for much of the subsequent development of tort liability doctrine, including risk-utility...