History
The term achieved renown when coined by Stan V. Smith (economist) during his testimony, the first such testimony proffered nationwide, in the case of Sherrod v. Berry, 827 F.2d 195 (7th Cir. 1987). It has since been in widespread use in subsequent legal decisions, in law review articles, and in law and economics articles nationwide. See for example Professon Cass Sunstein's University of Chicago Law & Economics, Olin Working Paper No. 340, July 2007. Such testimony has been admitted in state and federal court hundreds of times nationwide, increasingly gaining acceptance over the past decade, since 2000.
Read more about this topic: Hedonic Damages
Famous quotes containing the word history:
“No one is ahead of his time, it is only that the particular variety of creating his time is the one that his contemporaries who are also creating their own time refuse to accept.... For a very long time everybody refuses and then almost without a pause almost everybody accepts. In the history of the refused in the arts and literature the rapidity of the change is always startling.”
—Gertrude Stein (1874–1946)
“Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.”
—Johan Huizinga (1872–1945)
“The view of Jerusalem is the history of the world; it is more, it is the history of earth and of heaven.”
—Benjamin Disraeli (1804–1881)