Restatement of the Law Third, Torts: Liability for Economic Harm, completes the fourth installment of the Restatement Third of Torts. This Restatement, for which Dean Ward Farnsworth of the University of Texas at Austin School of Law served as Reporter, covers four principal areas of tort law: unintentional infliction of economic loss, liability for fraud, interference with economic interests, and misuse of legal procedure.
Ward Farnsworth Posts
Reporters’ Perspective
by Ward Farnsworth | Jun 14, 2018 | Inside The ALI, Liability Insurance, Torts: Economic Harm
Two Restatement projects, Economic Harm Torts and Liability Insurance, were reviewed and approved for the final time by ALI membership at the 2018 Annual Meeting, marking the completion of both projects.
Interference with Contract
by Ward Farnsworth | May 9, 2018 | Torts: Economic Harm
When is it a tort to interfere with somebody else’s contract? In this video, project Reporter Ward Farnsworth discusses the development of the tort of interference with economic interests since the Restatement Second of Torts.
Economic Loss Doctrine
by Ward Farnsworth | Feb 27, 2018 | Torts: Economic Harm
Project Reporter Ward Farnsworth discusses economic loss in the Economic Harm Torts video below.
Interference with Economic Relationships
by Ward Farnsworth | Feb 19, 2018 | Torts: Economic Harm
Economic Harm Torts Project Reporter Ward Farnsworth discusses interference with economic relationships in the video below.
Reflection on Collective Thought
by Ward Farnsworth | Dec 28, 2017 | Inside The ALI, Torts: Economic Harm
I consider a Restatement in general to be an exercise in harnessing collective wisdom, not the wisdom of a Reporter. It’s an attempt to gather the collective wisdom of the courts in this country on various difficult questions, and the collective wisdom of the bench, the bar, and the legal academy in making sense out of what the courts have said.
The Economic Loss Rule
by Ward Farnsworth | Jun 20, 2017 | Torts: Economic Harm
The emergence and evolution of the economic loss rule is the most important development of the past generation in the American common law of torts.