Hayek began to realize in the 1930s that the dispersal of knowledge throughout an entire market economy was so complete that no individual could ever gain a functional overview of it. The shock of the 1930s brought with it the realization that the world economy was basically unknowable. Any task of reconstructing the relationship between the two worlds—of many nations and one economy—­would have to be a proj­ect of redesigning the state and, increasingly ­after 1945, of redesigning the law. The essence of this proj­ect was multitiered governance or neoliberal federalism.

Quinn Slobodian, Globalists, loc. 77