Understanding the European Union requires more than studying the rules laid down in the European Treaties. EU Law and Economics opens an insightful and thought-provoking dialogue between two distinct disciplines. Written with lucid erudition, Steinbach deploys economic analysis to illuminate core structural questions about the European legal order. An important new contribution to the theoretical and practical understanding of EU law.

Pascal Lamy, former Director General of the World Trade Organization (WTO) and Vice-President of the Paris Peace Forum

EU Law and Economics provides a masterful analysis of the interaction between law and economics in the European Union, and the different perspectives that lawyers and economists have when approaching the why, how, who and what of integration. Steinbach carefully contrasts the role of the Member States, as the 'masters of the Treaties' (the rock on which democratic legitimacy rests) with the evolution of the EU as an actor in itself, with a number of defining features such as the supremacy of EU law over national law and the innovative role of the Court of Justice of the European Union. The book is destined to become an essential reference for scholars, practitioners students and policy-makers in law and economics.

Rosa Lastra, Sir John Lubbock Chair in Banking Law and Chair of the Institute of Banking and Finance Law the Centre for Commercial Law Studies, Queen Mary University of London

Armin Steinbach's research work combines an acutely insightful grasp of the minutiae of the European Union's legal system with an exceptionally perceptive command of the economics of European policy integration. This masterpiece book will no doubt prove indispensable read for both legal scholars and economists.

Jean Pisani-Ferry, Professor of Economics at Sciences Po (Paris), Senior Fellow at Bruegel (Brussels) and Peterson Institute for International Economics (Washington)

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In this insightful volume, Armin Steinbach provides an innovative, coherent, and satisfying approach to understanding the rules, processes, and constitutional structure of European integration. Drawing on law and economics, rational choice theory, public choice theory, constructivist theory, constitutional economics, and other dimensions of rational analysis, he provides an essential and compelling framework for current understanding and future research that will guide students, policymakers, and scholars of the EU for decades. This volume shows, to paraphrase Molière in Le Bourgeois Gentilhomme, that for 70 years the EU has been 'speaking' law and economics without knowing it.

Joel P. Trachtman, Henry J. Braker Professor of International Law, The Fletcher School of Law and Diplomacy, Tufts University

The intersection between law and economics is a dynamic field of research. Yet, European law has so far not been the subject of comprehensive, systematic economic analysis. Instead issues such as the European debt crisis, COVID-19 pandemic, and the climate emergency have largely escaped scholarly analysis through the nexus of EU law and economics. EU Law and Economics closes this gap, providing an overview of the application of economics to the institutional, procedural, and substantive aspects of European law. Drawing on various branches of the economic sciences - including rational choice and game theory, and institutional and behavioural economics - this book goes beyond conventional methods of EU legal scholarship to expand our understanding of EU law and its effects. This book devotes attention to EU Treaties and secondary law, as well as their adjudicative interpretation, while using economic theory to explain their core legal principles such as conferral, subsidiarity, and mutual recognition. Systematic and original, this book offers additional descriptive and normative metrics that expand our understanding of the decision-making behaviour of EU institutions and member states, while opening a new dialogue between two distinct disciplines. This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to download from OUP and selected open access locations.
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Applying economic methods to the institutional, procedural, and substantive aspects of European law, this book offers a unique systematic economic analysis of EU law.
Part I. Basics 1: Meandering between rational choice, realism, constructivism, and institutionalism 2: A cursory review of economic methods Part II. Why Cooperate Through EU Law 3: What states and EU institutions care about 4: The logic of barter trade: Rational choice and constitutional economics 5: Reducing transaction costs 6: Supplying public goods and addressing external effects 7: Leveraging economies of scale 8: Why cooperation fails Part III. How to Cooperate Under EU Law 9: Membership of EU Treaties 10: Centralization 11: Flexibility 12: Non-consensual EU law 13: Legislative choices 14: Enforcement Part IV. Who Cooperates under EU Law 15: The European Council and Council of Ministers 16: The European Parliament 17: The European Court of Justice 18: The European Central Bank 19: The European Commission 20: Adjudication Part V. What to Cooperate on in the EU 21: European Public Goods 22: Internal market: economic integration 23: Economic and Monetary Union
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Armin Steinbach holds the Jean Monnet Chair of Law and Economics, European Law, and International Law. He is also a visiting professor at the London School of Economics (LSE) and non-resident Fellow at Brussels-based think tank Bruegel. He previously served as a government official for more than ten years, heading the fiscal policy division in the German Ministry of Finance and the economic policy division in the Ministry of Economic and Energy Affairs. Armin sits on the WTO list of panellists serving the WTO Dispute Settlement Body.
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Provides a comprehensive and systematic economic analysis of EU law, connecting the two disciplines Goes beyond conventional methods of EU legal scholarship, focusing on the economic drivers for making EU law Sheds new light on a variety of issues, including the institutional-design decisions and the structural factors that shape the behaviour of EU institutions This is an open access title available under the terms of a CC BY-NC-ND 4.0 International license. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations
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Produktdetaljer

ISBN
9780198920885
Publisert
2025
Utgiver
Vendor
Oxford University Press
Vekt
620 gr
Høyde
240 mm
Bredde
164 mm
Dybde
20 mm
Aldersnivå
P, UP, 06, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
288

Forfatter

Om bidragsyterne

Armin Steinbach holds the Jean Monnet Chair of Law and Economics, European Law, and International Law. He is also a visiting professor at the London School of Economics (LSE) and non-resident Fellow at Brussels-based think tank Bruegel. He previously served as a government official for more than ten years, heading the fiscal policy division in the German Ministry of Finance and the economic policy division in the Ministry of Economic and Energy Affairs. Armin sits on the WTO list of panellists serving the WTO Dispute Settlement Body.