Tragic Choice (The conflicts society faces when tragically allocating scarce resources)

Author: (USA) Guido Calabresi, (USA) Robert C. Bork, translated by Xu Pinfei and others
Publisher:
Publish Date: 2005-04-01
Features: Scarcity is a fundamental fact of existence. Scarcity issues are pervasive in the decisions society must make, which determine the quantity of specific goods to be produced and who should receive them. In this bold and innovative work, the two legal scholars explore the tensions and tragic outcomes often accompanying such decisions, whether they occur in a market context, within the political sphere, or are merely influenced by customs. The subtitle—social conflicts encountered when scarce resources are tragically allocated—specifically defines the scope of the book's research. This is a problem faced by any society, whether in Britain, Italy, or our own country, and the tragic reality of inevitably tragic outcomes when allocating scarce resources often manifests in different forms, severely troubling human life. After analyzing various types of decisions that must face tragic allocations and their outcomes, the two authors propose an insightful theory. This common-sense theory has now become a crucial factor for contemporary legal economics research to consider. Author Calabresi is a leading figure in the Chicago Law and Economics School, and this book is one of the most highly cited academic works in law since 1978 in the United States.