Constitutional Economics
Constitutional Economics is a field that studies the relationship between economic behavior and the legal framework established by a society's constitution. It examines how constitutional rules and institutions shape economic policies, incentives, and outcomes. This approach emphasizes the importance of stable and clear rules for promoting economic growth and efficiency.
The discipline also explores how different constitutional arrangements can affect the distribution of resources and power within a society. By analyzing the impact of various legal systems and governance structures, Constitutional Economics seeks to understand how these factors influence economic performance and social welfare.