Human Capital and Compensation for Wrongful Death

Article Sidebar

Published: Apr 30, 2024
Keywords:
Wrongful Act, Compensation, Accounting, Legal Philosophy, Legal Economics

Main Article Content

Sarayut Rueangsuwan
Associate Professor, Thammasat Business School, Thammasat University
Supavinee Jevasuwan
Assistant Professor, Kasetsart Business School, Kasetsart University

Abstract

The Wrongful Act indicates that the compensation is expected to be a remedy for any damage as if it never happens. However, considering the wrongful death, the compensation cannot normalize such situations. Thai justice court does not accept mental damage, only direct damage with estimated cost can be compensated. Therefore, this research is to explore the literature on legal philosophy and accounting in order to suggest improvements in the Wrongful Act using various analytical approaches and empirical evidence on economics. Based on knowledge of legal economics, the value of human life is one’s rationality and contributions to society. Hence, the compensation should be carefully addressed with these properties to avoid any wrongful action in the future. Likewise,, the compensation for punitive damages should be applied in the context of Thailand.

Article Details

How to Cite
Rueangsuwan, S., & Jevasuwan , S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S. . (2024). Human Capital and Compensation for Wrongful Death. Journal of Thai Justice System, 17(1), 19–32. Retrieved from https://so04.tci-thaijo.org/index.php/JTJS/article/view/270157
Issue
Vol. 17 No. 1 (2567): Journal of Thai Justice System
Section
Research Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Published Manuscripts are the copyright of the Journal of the Justice System. However; the opinions that appeared in the content are the sole responsibility of the author.

References

Bayles, M. D. (1978). The Price of Life. Ethics 89, 1, 20-34.

Breczko, A., & Andruszkiewicz, M. (2018). The Question of the Value of Human Life in Theoretical Discussions and in Practice. A Legal

Philosophical and Theory of Law Perspective. Bialstockie Studia Prawnicze 23, 4, 9-23.

Chomsevok, P. (2007). Punitive Damages in Torts. Master of Laws

Thesis. Thammasat University.

Hiers, R. H. (2010). Ancient Laws, Yet Strangely Modern: Biblical

Contract and Tort Jurisprudence. University of Detroit Mercy Law Review 88, 473-481.

Kant, I. (1969). Foundations of the Metaphysics of Morals: Text and Critical Essays; edit by Robert Paul Wolff. Indianapolis: Bobbs-

Merrill Co.

Livne, G. (2015). Accounting for Human Capital. Wiley Encyclopedia of Management, 1-4.

Phoowatpibool, C. (2019). Legal Problems of Non-Pecuniary Compensation Especially Mental Damages: Comparative Study of Tort Law

inThailand and the USA. Assumption University Law Journal, 10 (2),154-168.

PhraSarasaspraphun (Chuen Charuwat). (2011). Advanced Civil and Commercial Code (Obligations) Lecture Note for LL.M. 1935.

Thammasat and Politics University (1st ed.). (pp. 32-55). Bangkok:Winyuchon.

Tangkitvanich, S. et al. (2010). Legal Development of Punitive Damages in Thailand. Research Report. Office of Justice Affairs.

Thomson, J. (2022, Feburary 14). Why Do We Value Human Life?.Big Think. https://bigthink.com/thinking/value-human-life/

VanDrunen, D. (2007). Natural Law, the Lex Talionis, and the Power of the Sword. Liberty University Law Review, 2(3), 945-967.