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Titlebook: Constitutional Political Economy in a Public Choice Perspective; Charles K. Rowley Book 1997 Springer Science+Business Media Dordrecht 199

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Introduction: The relevance of public choice for constitutional political economy,ls interact and to the processes through which these rules and institutions are chosen or come into being (.). As such, it has both normative and positive connotations, although arguably the normative emphasis has tended to dominate the early contributions of this relatively young program (.), which
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The balanced budget amendment: Clarifying the arguments,equire budget balance. Economists have concentrated on the loss of fiscal flexibility. This objection is countered by reference to the political inefficacy of attempted budgetary manipulation. Lawyers have concentrated on problems of enforcement. This objection is countered by reference to observed
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,Term limits and electoral competitiveness: Evidence from California’s state legislative races,erm limits initiative passed in 1990 were lower than in even 1976. This drop has occurred at the same time that races have become closer contests and more candidates are running for office. By any measure, term limits have coincided with large changes in the level of political competition, even befo
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Choosing free trade without amending the U.S. Constitution,mands of special interests by forcing open foreign markets and by closing domestic markets. In the process government officials violate property rights, disregard economic logic, damage the world trading system, multiply rent-seeking costs, and destroy wealth. Such outcomes imply that there is a con
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