It will also remain a stimulating field of study and practice, since it combines a healthy mixture of the practical and the theoretical. The subject will certainly continue to change, both by statutory and by common law modification.
Products liability implicates many of the basic values of our society.
It is a text of the ability of private industry to accommodate competitiveness and safety. It tests the fairness and the workability of the tort system of recovery, and of the jury system as a method of resolving disputes. It is perhaps not inappropriate to view the law of products liability as a microcosm and a distillation of the entire system of civil litigation in this country. Many states have enacted products liability statutes generally affecting damages, joint liability, statutory compliance, state of the art, and statutes of repose. There is not a federal products liability statute.