EU Law and Economics

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.

• 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

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.