Neo-liberal Europe and the transformation of democracy: On the state of money and law

Werner Bonefeld*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter


Economic and monetary union (EMU) is rightly regarded as neo-liberal in its design, scope and content. Stephen Gill’s (1992) take on EMU as comprising a new-constitutionalism of market enabling rules over member states depicts this well. His account does however conceive of the relationship between market and state as two distinct modes of social organisation, and the perennial question about such a conception is whether the market has autonomy vis-à-vis the state, or the state vis-à-vis the market. The social constitution of state and economy, law and money, as distinct forms of social relations, is not raised.

Original languageEnglish
Title of host publicationGlobalisation and European Integration
Subtitle of host publicationCritical Approaches to Regional Order and International Relations
PublisherTaylor & Francis
Number of pages19
ISBN (Electronic)9781136335082
ISBN (Print)9780415611848
Publication statusPublished - 1 Jan 2012

Bibliographical note

Publisher Copyright:
© 2012 Petros Nousios, Henk Overbeek and Andreas Tsolakis for selection and editorial matter; individual contributors for their contributions.

Cite this