Constitutional economics

Constitutional economics is a way of looking at the way governments make decisions and laws. It is based on the idea that people will make better decisions when they understand and follow an agreed-upon set of rules. This set of rules is called a constitution. Constitutional economics looks at the economic implications of laws, rules, and decisions made by governments to ensure that they are fair and help society. For example, constitutional economics might help decide whether decreasing taxes on a certain group of people would be good or bad for society in the long run.