Constitutional Economics

Constitutional Economics
Author: Stefan Voigt
Publisher: Cambridge University Press
Total Pages: 153
Release: 2020-06-18
Genre: Business & Economics
ISBN: 1108486886

This concise survey of the questions, methods, and empirical findings central to constitutional political economy fills a gap in the literature of political economy. Voigt, a pioneer of the field, demonstrates how constitutional rules affect political economy, appealing to both scholars of the field and readers with no familiarity of the topic.

The Economic Constitution

The Economic Constitution
Author: Tony Prosser
Publisher:
Total Pages: 296
Release: 2014
Genre: Law
ISBN: 0199644535

There has been little analysis of the constitutional framework for management of the UK economy, either in constitutional law or regulatory studies. This is in contrast to many other countries where the concept of an 'economic constitution' is well established, as it is in the law of the European Union. Given the extensive role of the state in attempting to resolve recent financial crises in the UK and elsewhere in Europe, it is particularly important to develop such an analysis. This book sets out different meanings of an economic constitution, and applies them to key areas of economic management, including taxation and public borrowing, the management of public spending, (including the Spending Review), monetary policy, financial services regulation, industrial policy (including state shareholdings) and government contracting. It analyses the key institutions involved such as the Treasury and the Bank of England, also including a number of less well-known bodies such as the Office for Budget Responsibility. There is also coverage of the international context in which these institutions operate especially the European Union and the World Trade Organisation. It thus provides an account of the public law applying to economic management in the UK. This book also adopts a critical approach, assessing the degree to which there is coherence in the arrangements for economic management, the degree to which economic policy-making is constrained by constitutional norms, and the degree to which economic management is subject to deliberation and accountability through Parliament, the courts and other institutions.

The Reason of Rules

The Reason of Rules
Author: Geoffrey Brennan
Publisher: Collected Works of James M. Bu
Total Pages: 0
Release: 2000
Genre: Business & Economics
ISBN: 9780865972315

In his foreword, Robert D Tollison identifies the main objective of Geoffrey Brennan and James M Buchanan's THE REASON OF RULES: "...a book-length attempt to focus the energies of economists and other social analysts on the nature and function of the rules under which ordinary political life and market life function." In persuasive style, Brennan and Buchanan argue that too often economists become mired in explaining the obvious or constructing elaborate mathematical models to shed light on trivial phenomena. Their solution: economics as a discipline would be better focused on deriving normative procedures for establishing rules so that ordinary economic life can proceed unaffected as much as possible by social issues. In THE REASON OF RULES, Brennan and Buchanan sketch out a methodological and analytical framework for the establishment of rules. They point out that the consideration of rules has its roots in classical economics and has been hinted at in the work of some contemporary economists. But the enterprise of applying the analytical rigor of modern economics to the establishment of effective rules is the little-traveled road that bears the most promise. In fact, the basic idea of the importance of rules is a thread that runs through virtually the whole of Buchanan's distinguished career, and it is one of his signal contributions to the contemporary discipline of economics. THE REASON OF RULES is an elaboration of the potential for rules and the normative process by which they can best be devised.

The Classical Liberal Constitution

The Classical Liberal Constitution
Author: Richard A. Epstein
Publisher: Harvard University Press
Total Pages: 889
Release: 2014-01-06
Genre: Law
ISBN: 0674727800

American liberals and conservatives alike take for granted a progressive view of the Constitution that took root in the early twentieth century. Richard Epstein laments this complacency which, he believes, explains America’s current economic malaise and political gridlock. Steering clear of well-worn debates between defenders of originalism and proponents of a living Constitution, Epstein employs close textual reading, historical analysis, and political and economic theory to urge a return to the classical liberal theory of governance that animated the framers’ original text, and to the limited government this theory supports. “[An] important and learned book.” —Gary L. McDowell, Times Literary Supplement “Epstein has now produced a full-scale and full-throated defense of his unusual vision of the Constitution. This book is his magnum opus...Much of his book consists of comprehensive and exceptionally detailed accounts of how constitutional provisions ought to be understood...All of Epstein’s particular discussions are instructive, and most of them are provocative...Epstein has written a passionate, learned, and committed book.” —Cass R. Sunstein, New Republic

Imperfect Alternatives

Imperfect Alternatives
Author: Neil K. Komesar
Publisher: University of Chicago Press
Total Pages: 304
Release: 1997-01-15
Genre: Law
ISBN: 9780226450896

Major approaches to law and public policy, ranging from law and economics to the fundamental rights approach to constitutional law, are based on the belief that the identification of the correct social goals or values is the key to describing or prescribing law and public policy outcomes. In this book, Neil Komesar argues that this emphasis on goal choice ignores an essential element—institutional choice. Indeed, as important as determining our social goals is deciding which institution is best equipped to implement them—the market, the political process, or the adjucative process. Pointing out that all three institutions are massive, complex, and imperfect, Komesar develops a strategy for comparative institutional analysis that assesses variations in institutional ability. He then powerfully demonstrates the value of this analytical framework by using it to examine important contemporary issues ranging from tort reform to constitution-making.

Institutions, Institutional Change and Economic Performance

Institutions, Institutional Change and Economic Performance
Author: Douglass C. North
Publisher: Cambridge University Press
Total Pages: 164
Release: 1990-10-26
Genre: Political Science
ISBN: 9780521397346

An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.

Constitutional Economics and Public Institutions

Constitutional Economics and Public Institutions
Author: Francisco Cabrillo
Publisher: Edward Elgar Publishing
Total Pages: 382
Release: 2013
Genre: Political Science
ISBN: 1781003971

This extensive book explores in detail a wide range of topics within the public choice and constitutional political economy tradition, providing a comprehensive overview of current work across the field. The expert contributions are underpinned by the notion of moving economic thinking away from the analysis of the logic of a situation given a set of well-established and well-enforced Ôrules of the gameÕ towards a deeper analysis of the logic behind the selection of the rules of the game themselves. Within this context, the theme of choice between rules (as well as the more conventional analysis within rules) across historical time and place, and in various thought experiments and conceptual situations, is explored in detail. Extensive case studies back theory with empirical evidence, and topics discussed include: the foundations of constitutional economics; constitutional political economy; political competition and voting; public choice and public policy; and extensions to public choice theory. This stimulating book will prove a thought-provoking read for academics and both under- and post-graduate students in the fields of economics (particularly public choice and Austrian economics), public policy and political science.

Constitutionalism and a Right to Effective Government?

Constitutionalism and a Right to Effective Government?
Author: Vicki C. Jackson
Publisher: Cambridge University Press
Total Pages: 281
Release: 2022-10-27
Genre: Law
ISBN: 1009178105

Nations around the world are facing various crises of ineffective government. Basic governmental functions—protecting rights, preventing violence, and promoting material well-being—are compromised, leading to declines in general welfare, in the enjoyment of rights, and even in democracy itself. This innovative collection, featuring analyses by leaders in the fields of constitutional law and politics, highlights the essential role of effective government in sustaining democratic constitutionalism. The book explores “effective government” as a right, principle, duty, and interest, situating questions of governance in debates about negative and positive constitutionalism. In addition to providing new conceptual approaches to the connections between rights and governance, the volume also provides novel insights into government institutions, including courts, legislatures, executives, and administrative bodies, as well as the media and political parties. This is an essential volume for anyone interested in constitutionalism, comparative law, governance, democracy, the rule of law, and rights.

Public Finance and Parliamentary Constitutionalism

Public Finance and Parliamentary Constitutionalism
Author: Will Bateman
Publisher: Cambridge University Press
Total Pages: 283
Release: 2020-09-24
Genre: Business & Economics
ISBN: 1108478115

Explores financial aspects of constitutional government, focusing on central banking, sovereign borrowing, taxation and public expenditure.

Institutional Economics

Institutional Economics
Author: Stefan Voigt
Publisher: Cambridge University Press
Total Pages: 311
Release: 2019-04-11
Genre: Business & Economics
ISBN: 1108473245

A concise and clear introduction to the new institutional economics that summarizes current knowledge whilst addressing its gaps and weaknesses.