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Erschienen in: Constitutional Political Economy 1/2008

01.03.2008 | Original article

The exchange paradigm of constitutional economics: implications for understanding the third sector

verfasst von: Vladislav Valentinov

Erschienen in: Constitutional Political Economy | Ausgabe 1/2008

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Abstract

This paper reconsiders the exchange paradigm of constitutional economics from the perspective of the theory of the division of labor. According to this theory, human wants can be satisfied by two basic mechanisms—exchange and self-sufficiency. The exchange paradigm of constitutional economics emphasizes the former mechanism while neglecting the latter. Building on major economic theories of the third sector, it is argued that the latter mechanism is more helpful than the former in explaining the existence of third sector organizations. The paper concludes by discussing implications of this argument for the further development of constitutional economics.

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Metadaten
Titel
The exchange paradigm of constitutional economics: implications for understanding the third sector
verfasst von
Vladislav Valentinov
Publikationsdatum
01.03.2008
Verlag
Springer US
Erschienen in
Constitutional Political Economy / Ausgabe 1/2008
Print ISSN: 1043-4062
Elektronische ISSN: 1572-9966
DOI
https://doi.org/10.1007/s10602-007-9028-y

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