Book Note Molle, Willem, The Economics of European Integration. Theory, Practice, Policy (2nd ed.), Aldershot, UK; Brookfield, VT: Dartmouth Publishing Company Ltd (1994) xiii, + 546 pages + Index. $69.95. Neither the practicing lawyer nor the academic can achieve and maintain a mastery of the substantive law of the Union without at least some grasp of the economics of trade law. Can there, for example, be a real understanding of say, Article 95 and the prohibition on discriminatory taxation in any free trade system without understanding cross-elasticity? Molle, now in its second edition, is wonderful since, intentionally or otherwise, the text is accessible to the non-economist. The book is a good way too to interest students in the economics behind the law though it should be complemented by some critical and Critical readings. Note that the importance of the book extends well beyond its title. It provides a good introduction to the economics of Free Trade Area Agreements in general and to the basic tenets of trade liberalization. NAFTA and WTO aficionados should take notice. Highly recommended. JHHW
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