What Story Got Wrong - Federalism, Localist Opportunism and International Law

33 Pages Posted: 2 Oct 2008

See all articles by Paul B. Stephan

Paul B. Stephan

University of Virginia School of Law

Date Written: September 30, 2008

Abstract

In Swift v. Tyson, Justice Story argued that federalization of the law of negotiable instruments was necessary to thwart local courts from adopting rules that favored local interests at the expense of national welfare. Variations of this argument have been embraced by modern proponents of federalizing many aspects of international law, including customary international law. The argument proves too much, and fails to take account conditions where local decisionmakers have an incentive to reach globally optimal outcomes. The law of negotiable instruments illustrates this point: State law now occupies this field but, contrary to Story's concern, the law in the United States is uniform and stable. Two international conventions currently under negotiation, the Hague Child Support Convention and the UNCITRAL Electronic Commerce Convention, provide further examples of cooperation without mandatory federal oversight.

Keywords: international law

Suggested Citation

Stephan, Paul B., What Story Got Wrong - Federalism, Localist Opportunism and International Law (September 30, 2008). Available at SSRN: https://ssrn.com/abstract=1276028 or http://dx.doi.org/10.2139/ssrn.1276028

Paul B. Stephan (Contact Author)

University of Virginia School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States
434-924-7098 (Phone)
434-924-7536 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
65
rank
336,297
Abstract Views
677
PlumX Metrics