Michael Munger & Georg Vanbger: Contractarianism, constitutionalism, and the status quo

The constitutional political economy (CPE) approach as developed by James Buchanan places emphasis on supermajority rules—in particular, a unanimity requirement for constitutional change. Critics argue that this approach “privileges the status quo” in two problematic ways: (1) alternatives are treated unequally because the status quo requires a smaller coalition to Weiterlesen…