Tort law aims to compensate for harm from "summary" of Economic Analysis of Law by Richard A. Posner
The fundamental principle that underlies tort law is the idea of compensation. When someone is harmed by the actions of another, the law seeks to provide a remedy that will make the injured party whole. This compensation is meant to restore the injured party to the position they would have been in had the harm not occurred. In this way, tort law aims to ensure that individuals are not left to bear the costs of someone else's wrongful actions. The concept of compensation in tort law serves several important functions. First and foremost, it provides a form of redress for individuals who have been wronged. By requiring the wrongdoer to compensate the injured party, tort law helps to balance the scales of justice and hold individuals accountable for their actions. This serves as a deterrent to future wrongdoing, as individuals are less likely to engage in harmful behavior if they know they will ...
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