The Constitutional Dilemma of Economic Liberty
This paper studies the problem of self-enforcing constitutions, addressing the question, how do some constitutions provide incentives for political officials to abide by the constraints announced in the constitution? To understand the mechanisms underlying successful constitutions, the paper begins by exploring a simple society facing the dilemma of policing the government: a sovereign, who controls the government, and two citizens. It then moves to a discussion of how constitutions are often formed out of crises, with some more detailed discussion of two main examples: England's Glorious Revolution of 1688 and the U.S. Constitution.
Volume (Year): 19 (2005)
Issue (Month): 3 (Summer)
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References listed on IDEAS
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- La Porta, Rafael & Lopez-de-Silanes, Florencio & Pop-Eleches, Cristian & Shleifer, Andrei, 2004.
"Judicial Checks and Balances,"
3451311, Harvard University Department of Economics.
- repec:cup:cbooks:9780521794497 is not listed on IDEAS
- Robert H. Bates & Avner Greif & Margaret Levi & Jean-Laurent Rosenthal, 1998. "Analytic Narratives," Economics Books, Princeton University Press, edition 1, volume 1, number 6355, March.
- repec:cup:cbooks:9780521583299 is not listed on IDEAS
- Peter Ordeshook, 1992. "Constitutional stability," Constitutional Political Economy, Springer, vol. 3(2), pages 137-175, March.
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