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An examination of the historical and contemporary influence of private power in the global economy.
Transnational merchant law, which is mistakenly regarded in purely technical and apolitical terms, is a central mediator of domestic and global political/legal orders. By engaging with literature in international law, international relations and international political economy, the author develops the conceptual and theoretical foundations for analyzing the political significance of international economic law. In doing so, she illustrates the private nature of the interests that this evolving legal order has served over time. The book makes a sustained and comprehensive analysis of transnational merchant law and offers a radical critique of global capitalism.
Table of contents:
1. Introduction; 2. Conceptualizing the role of law in the global political economy; 3. Theorizing the role of law in the global political economy; 4. Medieval Lex Mercatoria; 5. State-building: constituting the public sphere and disembedding the private sphere; 6. The modern law merchant and the Mercatocracy; Conclusion: transnational merchant law and global authority: a crisis of legitimacy; Bibliography.