Purpose: The purpose of this paper is to integrate classical elite theory into theories of constitutional bargains. Design/methodology/approach: Qualitative methods/surveys/case studies. Findings: Open-ended constitutional entrepreneurship cannot be forestalled. Constitutional entrepreneurs...

I contribute to the theory of entangled political economy by showing how entanglement can be characterized in terms of political property rights. A political property right grants its holder a share of decision-making power in a specific context, as well as specifies to whom the costs and...

This paper explores the effects of debt erosion on the market process. Debt erosion is the attempt by government to lower the real value of its debt through the creation of unexpected inflation. In addition to the costs recognised by most economists, debt erosion through unexpected inflation can...