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Quotation of the Day…

… is from page 33 of Benn Steil’s and Manuel Hinds’s superb 2009 volume, Money, Markets & Sovereignty (original emphasis):

Dubious, however, is the popular notion that modern globalization is new in its challenging of timeless tenets of state sovereignty and authority.  The constructivist methodology that law worthy of the name must be, and must have been, consciously designed to achieve specific ends, which emerged in the seventeenth and eighteenth centuries, has in our time come to dominate popular thinking, and has been bluntly confronted by the spontaneous “unauthorized” emergence of economic and social orders across national legal jurisdictions.


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