Saturday, 13 December 2008

Barry R. Weingast(2005)”The Constitutional Dilemma of Economic Liberty”

This is an application of game theory to constitution problem. In developing countries, there are still no good governance even if they have constitution. This paper approaches with view of self-enforcing from simple government to emergence of constitution. And it shows some implication to make good constitution for developing countries.

In conclusion, it shows two things. First is need of shock to improve constitution because sometime constitutions in developing countries do not match the situations in the countries. Second is adjustment; to remake and add more regulation to meet people’s demand.

Questions:
What is the model for constitution?
Why shock is needed in theory?

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