trachtmanrevolution

trachtmanrevolution - Copyright (c) 1996 University of...

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available at: http://www.worldtradelaw.net/articles/trachtmanrevolution.pdf Copyright (c) 1996 University of Pennsylvania Journal of International Economic Law Spring, 1996 17 U. Pa. J. Int'l Econ. L. 33 THE INTERNATIONAL ECONOMIC LAW REVOLUTION Joel P. Trachtman 1. Introduction . .............................................................................................................................................................. 1 2. International Business Law and International Economic Law . ................................................................................. 3 3. The Disappearance of Private International Law. ...................................................................................................... 5 4. The Complexity of International Business Law: Comparative Law, Inter-Domestic Law, Conflicts of Law, and Transnational Law. ........................................................................................................................................................ 6 5. The Functional Allure of International Economic Law. ............................................................................................ 8 5.1. The Constitutional Function of Public International Law. ................................................................................. 8 5.2. International Economic Law and International Economic Integration . ............................................................. 9 6. Spillover Into Constitutional Functions: International Economic Law and International Organization. ................. 13 7. Managing the International Economic Law Revolution: Allocative Efficiency and Redistributive Concerns. ....... 14 8. Synthesis: The International Economic Law Revolution . ....................................................................................... 15 1. INTRODUCTION With the change in name of this journal, the Law School of the University of Pennsylvania might appear to some to be taking a step backward, away from business. This step might appear strange at a time when the world seems to have come to a consensus that business - economic organization in the form of the market or the firm - should be central to economic organization. The central position of business should not be confused with an exclusive position, however. As economic organization includes more than business, this change in name really is a step toward a broader field rather than a step away from business. More importantly, it is a step toward a more nuanced perspective on international law and toward a more mature perspective on the role of business in domestic and international society. It is a step toward recognizing that there are markets beyond the private market for goods and services, and that these additional markets and accompanying institutions merit closer study. These other relevant markets include the market
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Trachtman - Revolution available at: http://www.worldtradelaw.net/articles/trachtmanrevolution.pdf 2 among governments for trade and regulatory concessions. Institutions beyond the firm and the
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This note was uploaded on 11/27/2011 for the course ECON 101 taught by Professor Robert during the Fall '08 term at Montgomery College.

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trachtmanrevolution - Copyright (c) 1996 University of...

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