Potentialities of Economic Analysis of International Trade Law

Abstract

This contribution discusses pros and cons of economic analysis of law, so called Law and Economics, in International Trade Law. The paper focuses on capacity and feasibility of conducting such analysis, briefly touches some key topics from perspective of Law and Economics (such as background economic theory, different conceptions of efficiency etc.) and tries to answer the question: Why should lawyers know something about economic analysis of law?economic analysis, international trade law, background economy theory.