constitutional economics
- noun
- /ˌkɒnstɪˈtjuːʃənəl ˌiːkəˈnɒmɪks/
- Specialized
:
economía constitucional
- The field of constitutional economics examines how constitutions structure the incentives of government officials.
Examples
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Some policy reforms are best analyzed through the lens of constitutional economics.
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The study of constitutional economics reveals the impact of laws on markets.
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He wrote his doctoral dissertation on constitutional economics and its implications for democratic governance.
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Many scholars focus on constitutional economics to understand policy changes.
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He wrote his doctoral dissertation on constitutional economics and its implications for democratic governance.
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The field of constitutional economics examines how constitutions structure the incentives of government officials.
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Some policy reforms are best analyzed through the lens of constitutional economics.
Surface Forms
Morphology
The phrase is a straightforward noun–noun compound: 'constitutional' (relating to a constitution) modifies 'economics' (the study of economic systems), so the meaning — an area of economics concerned with constitutional rules — is directly derived from its parts. Although somewhat technical, this compositional pattern is regular and cross-linguistically transparent, so a B1 learner who knows both words can reasonably infer the meaning.
Etymology
The term constitutional economics comes from imagining a country's constitutional rules as the basic 'rules of the game' and economics as how people and governments make choices. So, it means studying how those basic rules shape economic decisions and policy.
