TortsProf Blog

Editor: Christopher J. Robinette
Widener Commonwealth Law School

Monday, April 27, 2009

Myths of Consumer Protection Law

Via Point of Law, the University of Chicago School of Law's Coase Lecture.  The intro from the blog post:

Professor Omri Ben-Shahar spoke on the "Myths of Consumer Protection" at this year’s annual Ronald H. Coase lecture for first year law students. Ben-Shahar discussed why he believes the modern consumer protection movement is largely misguided. Consumer advocates cite three things that consumers need: information about products, access to courts, and remedies for wrongs done to them. In the eyes of the consumer advocate, a consumer cannot compete with large corporations without these three things. It would be David versus Goliath; and Goliath would always win.

Prof. Ben-Shahar argues that those needs are all at least overstated.  Audio and video at the link.


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