Constitutions and crisis

Christopher Coyne

Journal of Economic Behavior & Organization, 2011, vol. 80, issue 2, 351-357

Abstract: A crisis is an unexpected event that creates uncertainty and poses a direct or perceived threat to the goals and norms of an organization or society. While crises are ubiquitous, how societies respond to crises, and the way crises affect societies, is largely a matter of constitutional political economy. Drawing on a variety of insights from James Buchanan's research, this paper develops the political economy of crisis. Focus is placed on understanding: (1) how existing rules influence how societies cope with crises, (2) how crises can affect rules, and (3) the potential for the reform of rules in the wake of crises.

Keywords: Constitution; Crisis; Political economy; Protective state; Productive state; Rules (search for similar items in EconPapers)
JEL-codes: D72 D78 H10 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0167268111001314
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:80:y:2011:i:2:p:351-357

DOI: 10.1016/j.jebo.2011.05.011

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Catherine Liu ().