Vanberg, V. J. (2005). Market and state: the perspective of constitutional political economy. Journal of Institutional Economics, 1(1), 23-49.
The paper approaches the ‘market versus state’ issue from the perspective of constitutional political economy, a research program that has been advanced as a principal alternative to traditional welfare economics and its perspective on the relation between market and state. Constitutional political economy looks at market and state as different kinds of social arenas in which people may realize mutual gains from voluntary exchange and ...