Abstract

http://ssrn.com/abstract=1969476
 
 

Footnotes (200)



 


 



Economic Approaches to Global Regulation: Expanding the International Law and Economics Paradigm


Dan Danielsen


Northeastern University - School of Law

December 7, 2011

Journal of International Business & Law, Vol. 10, No. 1, pp. 23-90, 2011
Northeastern University School of Law Research Paper No. 65-2011

Abstract:     
The recent economic crisis has demonstrated with startling clarity the importance of developing a more robust framework for assessing the effects of national rules on global welfare. For more than fifty years, law and economics scholars have examined the effects of domestic legal rules on economic activity and general welfare in the United States. More recently, international law scholars have begun to use economic methods to analyze the international legal order. In this article I survey this evolving body of “international law and economics scholarship” with a view to articulating its principal methodological innovations as well as assessing its contributions to our substantive understanding of the global order. I conclude that while the accomplishments of international law and economics scholars have been substantial, their focus on sovereignty and their commitment to a particular set of analytic assumptions borrowed from “new institutional economics” limits their ability to capture the “real world” complexity and diversity of the global legal order. I suggest that we must expand our analytic methods to take up more directly the inherently political and normative character of our analytic assumptions. Doing so might lead us to more normative and less theoretically certain accounts of the global order in which we live, while pointing us toward the more just, equitable and prosperous order we might create.

Number of Pages in PDF File: 69

Accepted Paper Series


Download This Paper

Date posted: December 21, 2011 ; Last revised: January 14, 2012

Suggested Citation

Danielsen , Dan, Economic Approaches to Global Regulation: Expanding the International Law and Economics Paradigm (December 7, 2011). Journal of International Business & Law, Vol. 10, No. 1, pp. 23-90, 2011; Northeastern University School of Law Research Paper No. 65-2011. Available at SSRN: http://ssrn.com/abstract=1969476

Contact Information

Dan Danielsen (Contact Author)
Northeastern University - School of Law ( email )
400 Huntington Ave.
Boston, MA 02115
United States
Feedback to SSRN


Paper statistics
Abstract Views: 956
Downloads: 183
Download Rank: 95,284
Footnotes:  200

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.532 seconds