@techreport{Vanberg2004Market,
abstract = {The paper approaches the "market versus state" issue from the perspective of
constitutional political economy, a research program that has been advanced as a principal
alternative to traditional welfare economics and its perspective on the relation between market
and state. Constitutional political economy looks at market and state as different kinds of social
arenas in which people may realize mutual gains from voluntary exchange and cooperation. The
working properties of these arenas depend on their respective constitutions, i.e. the rules of the
game that define the constraints under which individuals are allowed, in either arena, to pursue
their interests. It is argued that "improving" markets means to adopt and to maintain an economic
constitution that enhances consumer sovereignty, and that "improvement" in the political arena
means to adopt and to maintain constitutional rules that enhance citizen sovereignty.},
author = {Viktor J. Vanberg},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D60; H10; 330; Economics of rules; welfare economics; constitution of markets; constitution of politics; Marktwirtschaft; Staatliche Einflussnahme; Verfassungs\"{o}konomik; Theorie},
language = {eng},
number = {04/10},
title = {Market and State: The Perspective of Constitutional Political Economy},
type = {Freiburg discussion papers on constitutional economics},
url = {http://hdl.handle.net/10419/4342},
year = {2004}
}
