CONSTITUTIONAL ECONOMICS
(noun)Definitions
There is 1 meaning of the phrase
Constitutional Economics.
Constitutional Economics - as a noun
A branch of economics which focuses on the conditions that exist in and choices constrained by the legal framework of a political constitution.
Example: "Similarly, constitutional economics suggests that in matters of constitutional choice it is essential that participants can choose for themselves through the unanimity rule whether the rules are in their own interest."
Example Sentences
"One key principle of constitutional economics is that economic activity is shaped by the rules and incentives provided by institutions."
"The concept of constitutional economics highlights the importance of studying the impact of constitutional rules and structures on economic outcomes."
"A central idea in constitutional economics is that the rule of law and the protection of individual rights are important foundations for a prosperous economy."
"By studying constitutional economics, researchers aim to identify the institutional factors that lead to successful economic outcomes."
"The field of constitutional economics combines insights from economics, political science, and law to analyze the relationship between constitutional arrangements and economic performance."
