The Economic Analysis of Constitutions: Fatalism Versus Vitalism
We review the claim that the field of political economy has witnessed a quantum leap with Torsten Persson and Guido TabelliniÂ´s The Economic Effects of Constitutions. We find that the approach of Persson and Tabellini suffers from the neglect of previous research, notably in public choice tradition, a lack of a meaningful point of reference, and the disregard of individual liberty as a guiding principle. Their approach has only limited value for formulating, exploring, and judging institutional reforms, particularly reforms outside narrow bounds around the status quo of the liberal democracies.
Volume (Year): 4 (2007)
Issue (Month): 2 (May)
|Contact details of provider:|| Postal: Enterprise Hall, Room 354, 4400 University Drive, 3G4 Fairfax, VA 22030|
Phone: (703) 993-1151
Web page: https://econjwatch.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62, pages 334.
- Persson, Torsten & Roland, Gerard & Tabellini, Guido, 1998.
"Towards micropolitical foundations of public finance,"
European Economic Review,
Elsevier, vol. 42(3-5), pages 685-694, May.
- Torsten Persson & Gerard Roland & Guido Tabellini, . "Towards Micropolitical Foundations of Public Finance," Working Papers 119, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
- Charles Blankart & Dennis Mueller, 2004. "The Advantages of Pure Forms of Parliamentary Democracy over Mixed Forms," Public Choice, Springer, vol. 121(3), pages 431-453, February.
- Pommerehne, Werner W. & Frey, Bruno S., 1977.
"Bureaucratic behavior in democracy: A case study,"
Discussion Papers, Series I
104, University of Konstanz, Department of Economics.
- Dan Johansson, 2004.
"Economics Without Entrepreneurship or Institutions: A Vocabulary Analysis of Graduate Textbooks,"
Econ Journal Watch,
Econ Journal Watch, vol. 1(3), pages 515-538, December.
- Johansson, Dan, 2004. "Economics without Entrepreneurship or Institutions: A Vocabulary Analysis of Graduate Textbooks," Ratio Working Papers 58, The Ratio Institute.
- Daron Acemoglu, 2005. "Constitutions, Politics and Economics: A Review Essay on Persson and Tabellini's "The Economic Effect of Constitutions"," NBER Working Papers 11235, National Bureau of Economic Research, Inc.
- John G. Matsusaka, 2005. "Direct Democracy Works," Journal of Economic Perspectives, American Economic Association, vol. 19(2), pages 185-206, Spring.
- Mueller, Dennis C., 1978. "Voting by veto," Journal of Public Economics, Elsevier, vol. 10(1), pages 57-75, August.
- Ashenfelter, Orley C & Kelley, Stanley, Jr, 1975. "Determinants of Participation in Presidential Elections," Journal of Law and Economics, University of Chicago Press, vol. 18(3), pages 695-733, December.
- Alberto Alesina & Torsten Persson & Guido Tabellini, 2006. "Reply to Blankart and Koester's Political Economics versus Public Choice Two Views of Political Economy in Competition," Kyklos, Wiley Blackwell, vol. 59(2), pages 201-208, 05.
- Niskanen, William A, 1975. "Bureaucrats and Politicians," Journal of Law and Economics, University of Chicago Press, vol. 18(3), pages 617-43, December.
When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:4:y:2007:i:2:p:169-183. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jason Briggeman)
If references are entirely missing, you can add them using this form.