PurposeThe purpose of this paper is to integrate classical elite theory into theories of constitutional bargains.Design/methodology/approachQualitative methods/surveys/case studies.FindingsOpen-ended constitutional entrepreneurship cannot be forestalled. Constitutional entrepreneurs will almost always be social elites.Research limitations/implicationsThe research yields a toolkit for analysing constitutional bargains. It needs to be used in historical settings to acquire greater empirical content. Need to be applied to concrete historical cases to do economic history. Right now it is still only institutionally contingent theory.Practical implicationsFormal constitutions do not, and cannot, bind. Informal constitutions can, but they are continually evolving due to elite pressure group behaviors.Social implicationsLiberalism needs another method to institutionalize itself!Originality/valueOpen-ended nature of constitutional bargaining overlooked in orthodox institutional entrepreneurship/constitutional economics literature.
Journal of Enterpreneurship and Public Policy – Emerald Publishing
Published: Mar 12, 2018
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