Financial stability in private law: Intersections, conflicts, choices

Financial conflicts of interest in psychiatry FORUM: FINANCIAL CONFLICTS OF INTEREST IN PSYCHIATRY

The proliferating connections between physicians and the pharmaceutical industry have brought the credibility of clinical medicine to an unprecedented crisis (1). The public seems to be increasingly skeptical of clinical medicine, since corporate actions that have placed profit over public health have become regular news in the media (2). Medical journals have been defined by a former editor as...

Liabilities in Private Law

This article elaborates upon and defends the distinction between “primary duty” claims and “primary liability” claims in private law introduced in a previous article. In particular, I discuss the relevance of the distinction to the debates over fault and strict liability and “duty skepticism” and to the relationship between primary and remedial rights. I argue that the tendency to assume that a...

Financial Conflicts of Interest in Medicine*

We use the geographic distance between a doctor’s office and drug company headquarters to instrument for the likelihood of pecuniary transfers, such as meals or speaking fees. Doctors tilt prescriptions in favor of the paying firm’s drugs, shifting away from both branded and generic substitutes. Larger transfers cause larger shifts in prescriptions. We explore two potential explanations: 1) per...

Financial conflicts of interest in science.

This Article proposes a new direction for addressing financial conflicts of interest, which plague biomedical research and threaten scientific integrity. This Article descriptively states the controversy surrounding financial conflicts of interest by explaining how these conflicts arise and the damage that can be created as a result. By describing the scientific process, the Article explains th...

Recent Developments in Conflicts of Law Notes