Constitutional Economics
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Constitutional Economics
Constitutional economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents". This extends beyond the definition of "the economic analysis of constitutional law" and is distinct from explaining the choices of economic and political agents within those rules, a subject of orthodox economics. Instead, constitutional economics takes into account the impacts of political economic decisions as opposed to limiting its analysis to economic relationships as functions of the dynamics of distribution of marketable goods and services. Constitutional economics was pioneered by the work of James M. Buchanan. He argued that "The political economist who seeks to offer normative advice, must, of necessity, concentrate on the process or structure within which political decisions are observed to be made. Exis ...
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Research Program
A research program (British English: research programme) is a professional network of scientists conducting basic research. The term was used by philosopher of science Imre Lakatos to blend and revise the normative model of science offered by Karl Popper's ''The Logic of Scientific Discovery'' (with its idea of falsifiability) and the descriptive model of science offered by Thomas Kuhn's ''The Structure of Scientific Revolutions'' (with its ideas of normal science and paradigm shifts).Imre Lakatos, auth, John Worrall & Gregory Currie, eds''The Methodology of Scientific Research Programmes: Volume 1: Philosophical Papers''(Cambridge: Cambridge University Press, 1980) Lakatos found falsificationism impractical and often not practiced, and found normal science—where a paradigm of science, mimicking an exemplar, extinguishes differing perspectives—more monopolistic than actual. Lakatos found that many research programs coexisted. Each had a ''hard core'' of theories immune to revis ...
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Constitutional Democracy
Liberal democracy is the combination of a liberal political ideology that operates under an indirect democratic form of government. It is characterized by elections between multiple distinct political parties, a separation of powers into different branches of government, the rule of law in everyday life as part of an open society, a market economy with private property, and the equal protection of human rights, civil rights, civil liberties and political freedoms for all people. To define the system in practice, liberal democracies often draw upon a constitution, either codified (such as in the United States) or uncodified (such as in the United Kingdom), to delineate the powers of government and enshrine the social contract. After a period of expansion in the second half of the 20th century, liberal democracy became a prevalent political system in the world.Anna Lührmann, Seraphine F. Maerz, Sandra Grahn, Nazifa Alizada, Lisa Gastaldi, Sebastian Hellmeier, Garry Hindle and ...
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