Bastiat: A Pioneer in Constitutional Political Economy
Bastiat emphasized the institutional infrastructure of a market economy and the principle of spontaneous order. He began with first principles the primacy of property and consent and derived the legitimate functions of government. As a pioneer in constitutional political economy, he examined the relation between economics and politics, employed methodological individualism, and extended the exchange paradigm to collective choice. He showed that the attenuation of economic liberty in the pursuit of distributive justice under majoritarian government would lead to rent-seeking, corruption, and politicization of economic life.Bastiat met laccent sur laménagement institutionnel de léconomie de marché et sur le principe de lordre spontané. Son analyse débute avec les principes premiers la primauté de la propriété et du consentement et il infère de ces principes les fonctions légitimes du gouvernement. En tant que pionnier de léconomie politique constitutionnelle, il examine les liens entre la sphère économique et la sphère politique, a recours à lindividualisme méthodologique et étend le paradigme de léchange aux choix collectifs. Il montre que lérosion de la liberté économique quentraîne la recherche dune justice distributive sous un gouvernement majoritaire mène à la recherche de rentes, à la corruption et à la politisation de la vie économique.
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Volume (Year): 11 (2001)
Issue (Month): 2 (June)
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- James Dorn, 1991. "Madison's constitutional political economy: Principles for a liberal order," Constitutional Political Economy, Springer, vol. 2(2), pages 163-186, March.
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