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Constitutional Political Economy in a Public Choice Perspective (Hardcover, Reprinted from PUBLIC CHOICE, 90:1-4, 1997)
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Constitutional Political Economy in a Public Choice Perspective (Hardcover, Reprinted from PUBLIC CHOICE, 90:1-4, 1997)
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Constitutional political economy is a research program that directs
inquiry to the working properties of rules and institutions within
which individuals interact and to the processes through which these
rules and institutions are chosen or come into being. This book
makes the case for an approach to constitutional political economy
that is grounded in consistent, hard-nosed public choice analysis.
Effective institutional design is simply not feasible unless the
designers build their structures to withstand rational choice
pressures from the political market place. If mean, sensual man is
here to stay, then let us, in our better moments, incorporate that
knowledge into the institutions that must govern his behavior. A
distinguished list of public choice scholars pursue this approach
against a varying backcloth of constitutional issues relevant to
the United States, Canada, Western Europe, the transition economies
and the third world.
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