Sunday, November 02, 2003

Econo-Legal Meditations On An Apple Jolly Rancher®

This morning my six year-old brought an Apple Jolly Rancher® to me (gained, as you might guess, from a cheerful walk around the block last night), having read and being concerned by this message:

CAREFUL: SMALL OBJECTS, LIKE HARD CANDIES, MAY INADVERTENTLY BECOME LODGED IN THE THROAT.

I told her it meant to be careful not to choke, and she seemed happy.

I was intrigued. Economically speaking, are the burdens placed on businesses by what seem to be wildly out of control legal liability claims balanced by increased consumption due to decreased risk (or at least compensated risk) to consumers?