The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Constitutions, Economic Approach to

  • Dennis C. Mueller
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2729

Abstract

The economic approach to constitutions applies the methodology of economics to the study of constitutions. This entry reviews the normative literature on constitutions, which assumes a two-stage collective decision process, and the positive literature that examines the decisions made by constitutional conventions and their economic consequences.

Keywords

Beard, C Bentham, J Buchanan, J Budget deficits Collective choice Constitutionalism normative vs positive; Corruption First amendment Harsanyi, J Landes, W Negative externalities Party systems Philadelphia convention Posner, R Rawls, J Rent seeking Social contract theory Social welfare function Tullock, G 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Dennis C. Mueller
    • 1
  1. 1.