February 05, 2016, New Delhi
CUTS International and Society of Indian Law Firms (SILF) have organized a lecture titled “Lonely Journey: from Economics to Law and back” by Prof Frederic Jenny, Chairman, OECD Committee on Competition on Friday, 5th February 2016 in New Delhi
The lecture was organised against the background that as a result of deregulation, the development of competition law and trade liberalisation, there is an increasing number of economic issues which are now dealt with by the judiciary. This means that a number of legal decisions need not only to be well founded from the legal perspective but also to be economically relevant. Yet in many countries judges are not trained in economic matters, just like many economists are not trained in legal matters. This raises the question of what can be done to improve the mutual understanding between law and economics and between judges and economists.
Frederic Jenny, a professor of economics and antitrust enforcer who spent eight years as a judge on the French Supreme Court (Cour de cassation), addressed those issues in the light of his experience on the bench and of the experience of the OECD Committee which he chairs.