Endogenous preferences: a challenge to constitutional political economy’s normative foundation?

Constitutional Political Economy

Taking the view that constitutions are devices Whereby people coordinate to specific equilibria in circumstances that allow multiple equilibria, we show that a constitutional secession clause can serve as such a device and, therefore, that such a clause is more than an empty promise or an ineffectual threat. Employing a simple three-person recursive game, we establish that under certain conditi...

Endogenous Preferences: The Political Consequences of Economic Institutions

This paper attempts to explain cross-national voting behavior in 18 Western democracies over 1960-2003. A new data set for the median voter is introduced that corrects for stochastic error in the statistics from the Comparative Manifesto Project. Next, the paper finds that electoral behavior is closely related to the salience of particular economic institutions. Labour organization, skill speci...

Constitutional reason and political identity

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Some Skepticism About Normative Constitutional Advice

Introducing Virtue Ethics into Normative Economics for Models with Endogenous Preferences∗

An important role of normative economics is to provide an analytical framework to evaluate social states. Such an evaluation is based on value judgments derived from moral views of the members of the society. There exist three major approaches in normative ethics, which formalize many people’s moral views. These are consequentialism that focuses on consequences of actions such as utilitarianism...