No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, June 2, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Constitutional Tradeoffs – Econlib

by TheAdviserMagazine
10 months ago
in Economy
Reading Time: 2 mins read
A A
Constitutional Tradeoffs – Econlib
Share on FacebookShare on TwitterShare on LInkedIn


Co-blogger Pierre Lemieux’s recent post “Can a Constitution Limit the State?” (July 21, 2025) poses an important question, one political theorists have wrestled with for millennia.  In the comments section of that post, I linked to a recent paper in the Journal of Institutional Economics by Jacek Lewkowicz, Jan Falkowski, Zimin Lou, and Olga Marut (henceforth LFLM) that makes the case the wording of a constitution will affect how governments comply with their restrictions (“Watch out for Words: Wording of Constitution and Constitutional Compliance,” Journal of Institutional Economics, 20:e35).  Readability (that is, avoiding highly complex and technical jargon) makes it more obvious whether a government official violates the constitution, which in turn can increase pressure on him from the electorate.  Conversely, if a constitution is highly technical and difficult to read, its enforcement falls to those specially trained in its interpretation, making it harder to enforce. Thus, making the constitution (and subsequently laws) understandable to the vast majority of people has benefits.

But some readers may recall my post from April, “Colloquial Law.”  In that post, I quoted Lon Fuller on the Soviet legal experiment to make laws so easy to understand that every worker could understand them.  In the process, the law lost all consistency and the law’s application by judges became “capricious and less predictable.”  Note that this is the same effect predicted by overly technical constitutions as well.

How to explain this apparent contradiction?  It could be that the relationship between readability and compliance is not monotonic.  The readability of a constitution has marginal benefits, but these marginal benefits are subject to diminishing returns.  At some point, the net benefits go negative.  Indeed, this could also explain the finding in LFLM that the precision of language gives mixed results.

It could also be that other factors swamp readability.  In a large democracy like the US, the ability of any one voter (or, for that matter, any one representative or senator) to punish those who violate the Constitution is quite limited.  Your typical collective action problems come into play.  Smaller democracies may have more luck in enforcement.

There are many interesting ways to answer this question.  I am sure constitutional scholars have already considered them.  Regardless, how effective constitutions are remains an important question.



Source link

Tags: ConstitutionalEconlibTradeoffs
ShareTweetShare
Previous Post

Gold climbs Rs 800 to scale new record of Rs 1,03,420 per 10 gram

Next Post

MNST Earnings: A snapshot of Monster Beverage’s Q2 2025 report

Related Posts

edit post
A Peptide, a Secretive Scientist, and a Debate Over Evidence

A Peptide, a Secretive Scientist, and a Debate Over Evidence

by TheAdviserMagazine
June 2, 2026
0

Yves here. Yours truly has had more than a little experience with diet, dietary supplement, and alternative medicine fads. When...

edit post
Google’s Debug Project — When Silicon Valley Starts Releasing Insects

Google’s Debug Project — When Silicon Valley Starts Releasing Insects

by TheAdviserMagazine
June 2, 2026
0

Nobody elected Google to manage the ecosystem. Yet here we are. Alphabet, Google’s parent company, has quietly spent the better...

edit post
TICKETS AVAILABLE NOW: Next Generation Conference – July 25

TICKETS AVAILABLE NOW: Next Generation Conference – July 25

by TheAdviserMagazine
June 1, 2026
0

Understanding the World Economy with Martin Armstrong How the world, its economies, and civilization are all connected. Saturday, July 25  (2:00...

edit post
Dem Centrists Pick Their Side, Stand With ICE, Data Centers, and Israel

Dem Centrists Pick Their Side, Stand With ICE, Data Centers, and Israel

by TheAdviserMagazine
June 1, 2026
0

Dem centrists picked their side on the biggest political fights going this past week, choosing money and power over their...

edit post
Get Your Free June Rothbard Giveaway Keynes the Man!

Get Your Free June Rothbard Giveaway Keynes the Man!

by TheAdviserMagazine
June 1, 2026
0

“There is one good thing about Marx: He was not a Keynesian.”—Murray N. RothbardTo further celebrate the Year of Rothbard,...

edit post
Remembering the Mogambo Guru | Mises Institute

Remembering the Mogambo Guru | Mises Institute

by TheAdviserMagazine
June 1, 2026
0

To the Mogambo Guru—pen name of financial analyst Richard Daughty who passed away in 2022—the Federal Reserve were a gang...

Next Post
edit post
MNST Earnings: A snapshot of Monster Beverage’s Q2 2025 report

MNST Earnings: A snapshot of Monster Beverage’s Q2 2025 report

edit post
US Economic Outlook H2 2025: Steady Growth, Growing Caution

US Economic Outlook H2 2025: Steady Growth, Growing Caution

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
What to Do in the Hours, Days and Weeks After Losing Your Job

What to Do in the Hours, Days and Weeks After Losing Your Job

0
edit post
DA Davidson Raises PT on Target (TGT) Stock

DA Davidson Raises PT on Target (TGT) Stock

0
edit post
Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office

Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office

0
edit post
Baffling. Frustrating. Frightening. What It’s Like To Be Sued Over Medical Debt.

Baffling. Frustrating. Frightening. What It’s Like To Be Sued Over Medical Debt.

0
edit post
Questions to Ask Before Signing a Legal Representation Agreement in Florida

Questions to Ask Before Signing a Legal Representation Agreement in Florida

0
edit post
Berkshire Hathaway buys Taylor Morrison for .8 billion. Buffett touts Abel’s deal-making

Berkshire Hathaway buys Taylor Morrison for $6.8 billion. Buffett touts Abel’s deal-making

0
edit post
Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office

Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office

June 2, 2026
edit post
A Peptide, a Secretive Scientist, and a Debate Over Evidence

A Peptide, a Secretive Scientist, and a Debate Over Evidence

June 2, 2026
edit post
Robinhood Enters Canada Crypto Market With 0M WonderFi Deal

Robinhood Enters Canada Crypto Market With $180M WonderFi Deal

June 2, 2026
edit post
It’s not a recession. But Goldman says your paycheck is acting like it

It’s not a recession. But Goldman says your paycheck is acting like it

June 2, 2026
edit post
Google’s Debug Project — When Silicon Valley Starts Releasing Insects

Google’s Debug Project — When Silicon Valley Starts Releasing Insects

June 2, 2026
edit post
Coinbase Takes Next Step In India With Direct INR Support

Coinbase Takes Next Step In India With Direct INR Support

June 2, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Vedanta shares fall after media reports of ED searches at Mumbai, Delhi office
  • A Peptide, a Secretive Scientist, and a Debate Over Evidence
  • Robinhood Enters Canada Crypto Market With $180M WonderFi Deal
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.