Columbia Law School Scholarship Archive Faculty Scholarship Faculty Publications 2014 Why Restate the Bundle? The Disintegration of the Restatement of Property Thomas W. Merrill Columbia Law School,
[email protected] Henry E. Smith Follow this and additional works at: https://scholarship.law.columbia.edu/faculty_scholarship Part of the Intellectual Property Law Commons, Law and Philosophy Commons, Legal History Commons, and the Property Law and Real Estate Commons Recommended Citation Thomas W. Merrill & Henry E. Smith, Why Restate the Bundle? The Disintegration of the Restatement of Property, 79 BROOK. L. REV. 681 (2014). Available at: https://scholarship.law.columbia.edu/faculty_scholarship/376 This Article is brought to you for free and open access by the Faculty Publications at Scholarship Archive. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Scholarship Archive. For more information, please contact
[email protected]. Why Restate the Bundle? THE DISINTEGRATION OF THE RESTATEMENT OF PROPERTY Thomas W. Merrillt & Henry E. Smithtt INTRODUCTION The American Law Institute (ALI) has devoted a great deal of time and energy to restating the law of property. To date, the ALI has produced 17 volumes that bear the name First, Second, or Third Restatement of Property. There is unquestionably much that is valuable in these materials. On the whole, however, the effort has been a disappointment. Some volumes seek faithfully to restate the consensus view of the law; others are transparently devoted to law reform. The ratio of reform to restatement has increased over time, to the point where significant portions of the Third Restatement consist of repudiating what was done in the First and Second Restatements,' which can hardly inspire confidence.