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Characterizing Economic and Legal Approaches to the Regulation of Market Interactions

  • Fernando Gómez PomarEmail author
Chapter
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Part of the Palgrave Studies in Institutions, Economics and Law book series (PSIEL)

Abstract

This chapter provides an overview of how EU private law (and national European private laws) and, more specifically, contract and consumer law do not see eye to eye with economic—and law and economics—views over those kinds of interactions. With some illustrations from ECJ case law as motivating the study, it is argued that the divergent approaches reflect a deep divide between the intellectual goals and perspectives in both disciplines. This is to be lamented, since a greater openness by legal theory and legal academics toward economic ways of looking at market interactions would greatly enrich and refine the functioning of legal systems.

Keywords

Law and economics Legal perspective on economic interactions Influence of economic theory and empirics 

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Copyright information

© The Author(s) 2020

Authors and Affiliations

  1. 1.Universitat Pompeu FabraBarcelonaSpain

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