Liberalism and Great Upheaval : What Did Classical Liberals Do in the Tsarist Russia?

Efficient constitutional change depends on ability of bargaining parties to overcome such inherent problems of political change as commitment and credibility (Galiani, Torrens, and Yanguas, 2014; Congleton, 2011; Boettke and Coyne, 2009). This paper studies how constitutional bargaining leads to a negative sum-game in a transitional illiberal environment. We use a historical example of the Russian constitutional monarchy (1905-1917) to demonstrate that an exchange-based constitutional change within the king-council model leads to an inefficient outcome when bargaining parties fail to trade political authority for policy results. The historical example of the Russian constitutional monarchy shows how both radicalization of the liberal parliamentary majority and pseudo-constitutionalism of Nicholas II undermined efficiency of the legislative assembly. We also find that nationality-based politics undermined the constitutional bargaining by radicalizing both the liberal movement and the tsar