Abstract
[La costituzione economica europea. Osservazioni sulla storia di unâidea irrealizzabile] This essay deals with the development of the integration project in the light of Polanyiâs insights, first, with its so-called formative phase. Thereafter it addresses the post-foundational phase, which was characterized by enormous efforts to transform Europeâs economy into a âhighly competitive social market economyâ. Finally, it deals with the consummation of market integration by the establishment of Monetary Union. The monetary Union included an erosion of the notion of rule-oriented economic governance and, more drastically, the replacement of the economic constitution by emergency governance. A Governance that represents a technocratic exercise or a praxis that escapes the quest for democratic legitimacy and the constraint of the rule of law.
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