Tuesday, April 2, 2013

Law, economics and international law

I have often highlighted the inextricable link between Law and Economics in the study and interpretation of international trade law here and here. The interplay is so obvious in the Panel and Appellate Body decisions of the WTO. Use of complex econometric models, economic analysis and an economic understanding of international law in the context of trade regulations underlies this approach.

A new book by Eric Posner and Alan Sykes titled "Economic Foundations of International Law" should be another masterpiece to this growing field of scholarship.

Opinio Juris has an interesting book symposium on it.

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