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PRODUCT LIABILITY: PART I Causes of the Product Liability Crisis

IRENE ROBERTSON (Former graduate students, College of Business Administration, The University of South Carolina.)
PHIL MANCUSI‐UNGARO (Former graduate students, College of Business Administration, The University of South Carolina.)
RICK MCGEE (Former graduate students, College of Business Administration, The University of South Carolina.)
STEVE MELTON (Former graduate students, College of Business Administration, The University of South Carolina.)

Studies in Economics and Finance

ISSN: 1086-7376

Article publication date: 1 February 1981

246

Abstract

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:

Citation

ROBERTSON, I., MANCUSI‐UNGARO, P., MCGEE, R. and MELTON, S. (1981), "PRODUCT LIABILITY: PART I Causes of the Product Liability Crisis", Studies in Economics and Finance, Vol. 5 No. 2, pp. 67-103. https://doi.org/10.1108/eb028625

Publisher

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MCB UP Ltd

Copyright © 1981, MCB UP Limited

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