Abstract

Virginia Political Economy is characterized by a distinctive public choice analysis of the pathologies in existing political institutions and the constitutional political economy approach to reforming institutions. Unfortunately, the extent to which public choice is correct in its assessment of existing institutions, it will thereby render the recommendations of constitutional political economy harder to reach. Thus, in virtue of this meta-problem, Virginia Political Economy risks concluding in its own irrelevance. I consider and reject some possible answers to this meta-problem, before offering my own: a “constitutional political economy from below” aimed at building alternative institutions outside of the state and its pathologies.