Summary
Some describe civil litigation as little more than a drag on the economy; others hail it as the solution to most of the country's problems Stephen C. Yeazell argues that both positions are wrong. Deeply embedded in our political & economic systems, civil litigation is both a system for resolving disputes & a successful business model, a fact that both its opponents & its fans do their best to conceal. 'Lawsuits in a Market Economy' explains how contemporary civil litigation in the United States works & how it has changed over the past century. The text corrects common misconceptions - some of which have proved remarkably durable even in the face of contrary evidence - & explores how our constitutional structure, an evolving economy, & developments in procedural rules & litigation financing systemss have moved us from expecting that lawsuits end in trial & judgment to expecting that they will end in settlements.