MEMO FROM TO: TX

J. LEDERBERG oo RC
GENETICS DEPARTMENT JJ G MeCue RO

STANFORD UNIVERSITY
STANFORD, CALIFORNIA

GLB8 FEB: 7 1970

Thank you for your conments.

 

 

Tohave been surprised too at how little has
heen written ahoul insurance & tort-liability
as a mechanism of social-cngineering. Ken
irrew (now at Harvard, and as you know one of
the country's leading economists) recently
wrote a short hook on trisk! where be comucnts
that this is a totally unexplored field as far

ris fads

discipline is concerned -- and procecds

“~
Ye

to bud what Eo must counent is a tetally inad-

e yuate model,

I do have a few more references tiat Tam in
the inidst of reading now; and Chauncey Starr
is leading a study tor the NAw on risk assess~
ment (that is fenlted by isnorine the cost of
ignorance and uneertainty. )

r

fo think that Haasachusetts is (nearly?) anique
in hoving a flatly comnulsory insurance law.
To do remeber reading sowe discussion years
ago that this would reieire excessive regula-
tion of the insurance industry with the kind &
of restriction vou mention. IT will have to
' freedom of judenent
in other states -- Put T note that diserinina-

being setoup in seme circu

loo. inta the companies

tory rates are

stances,

Throw me any more tumens you mteht find, apd
wil

T Tohe erate ful.

“incerely,

ra fiat

Fi — WSs be
VES ed's...

Eve: Faces