Economist.comOPINION Economics focus Stop worrying and love the deficit Nov 27th 2003 From The Economist print edition America's current-account deficit poses few dangers, says Alan Greenspan. Except to Europeans IN THE past year the United States has run up a current-account deficit of more than $500 billion. Some think that the line of credit extended by the res
1. Mark Berenson, Timothy Krehbiel, David Levine, 2005, \Basic Business Statistics: Concepts and Applications\, Prentice Hall, 2005. 2. Keller& Warrack, Statistics for Management and Economics, 6th Edition, South-
iuseppe Dari Mattiacci-Francesco Parisi The Economics of Tort Law: A Precis ABSTRACT: Economic analysis has long been employed for the study of tort liability. This paper revisits the main contributions to the subject emphasizing the inherent impossibility for tort liability to set perfectly efficient first-best incentives to take precaution for all parties to an accident and the need to choose among second best