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22 - Economic Aspects

from Part IV - Effects

Published online by Cambridge University Press:  19 October 2023

Wim Voermans
Affiliation:
Universiteit Leiden
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Summary

In this chapter economic aspects of constitutions are explored. Basically there are three. Constitutions, firstly, act as a condition for markets and the overall economy: they are, most of the time, criticial preconditions for economic development by the - predictable - laws they generate and the protection they offer for property and capital). Secondly constitutions act as a factor in markets and the economy. They, for instance, lower transaction costs. And. thirdly, constitutions act as a catalyst in economic relations, e.g. by boosting mutual trust.

Type
Chapter
Information
The Story of Constitutions
Discovering the We in Us
, pp. 258 - 269
Publisher: Cambridge University Press
Print publication year: 2023

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  • Economic Aspects
  • Wim Voermans, Universiteit Leiden
  • Book: The Story of Constitutions
  • Online publication: 19 October 2023
  • Chapter DOI: https://doi.org/10.1017/9781009385084.027
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  • Economic Aspects
  • Wim Voermans, Universiteit Leiden
  • Book: The Story of Constitutions
  • Online publication: 19 October 2023
  • Chapter DOI: https://doi.org/10.1017/9781009385084.027
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Economic Aspects
  • Wim Voermans, Universiteit Leiden
  • Book: The Story of Constitutions
  • Online publication: 19 October 2023
  • Chapter DOI: https://doi.org/10.1017/9781009385084.027
Available formats
×