EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca


. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Tuesday, December 21, 2004

Pop-tarts and Stupidity

Ted Frank, whom I've known electronically since the old rec.sport.baseball early days of the internet, just posted a summary of an intriguing civil case in which a plaintiff left his house briefly, leaving a poptart unattended in the toaster. The poptart caught fire, and the house was damaged.

So now the poptart-deserter, along with his insurance company, are suing the toaster maker! Is this another case of, "No matter what happened, it's not my fault!"? I don't believe it!

Okay, you econ-law types, who is the least-cost bearer of this risk?
 
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