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Volume 5, Issue 2
1 February 1981
This article was originally published in
Studies in Economic Analysis
Studies in Economic Analysis Cover Image for Volume 5, Issue 2
Review Article| February 01 1981

PRODUCT LIABILITY: PART I Causes of the Product Liability Crisis

IRENE ROBERTSON;
IRENE ROBERTSON
Former graduate students, College of Business Administration, The University of South Carolina.
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PHIL MANCUSI‐UNGARO;
PHIL MANCUSI‐UNGARO
Former graduate students, College of Business Administration, The University of South Carolina.
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RICK MCGEE;
RICK MCGEE
Former graduate students, College of Business Administration, The University of South Carolina.
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STEVE MELTON
STEVE MELTON
Former graduate students, College of Business Administration, The University of South Carolina.
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 2977-7615
Print ISSN: 0198-8263
© MCB UP Limited
1981
Studies in Economic Analysis (1981) 5 (2): 67–103.
https://doi.org/10.1108/eb028625

Introduction In the last decade the problem of product liability has become one of the major concerns affecting industry, consumers and government. Product liability, which relates to the responsibility of a manufacturer to compensate a user who suffers injury from using his product, is not a new concept. King Hammurabi of Babylon instituted these two laws over 4,000 years ago:

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© MCB UP Limited
1981
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