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The American Law Institute is Alive and Well
Hazard, Geoffrey
Hazard, Geoffrey
Abstract
It is gratifying that a Law Review Symposium be devoted to the work of The American Law Institute. Not a work of the Institute, such as the Restatement of Torts, Products Liability, or the Principles of Corporate Governance or such less controversial but also important projects as the Restatement of Trusts (Prudent Investor Rule). Rather, this Symposium is addressed to the work of the Institute, that is, the procedures and processes, formal and informal, through which the ALI undertakes to fulfill its stated mission. The Institute's stated mission is "to promote the clarification and simplification of the law and its better adaptation to social needs." The contributions to this Symposium develop several propositions.