The necessity of formation of constitutional economics is considered in the twelfth chapter of the textbook. The model of constitutional order by F. Hayek is analyzed. The requirements to effective constitution are described. The law is viewed as the public capital. The concepts of defending and producing state are defined. The chapter also includes further readings, control tests and questions.
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Article provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal VOPROSY ECONOMIKI.