The term "constitutional economics" was coined in 1982 by the U.S. economist Richard McKenzie to designate the main topic of discussion at a conference held in Washington D.C. Later, McKenzie's neologism was adopted

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Within positive constitutional economics, the tools or methods are unique from normal economic tools because of the cross-disciplinarynature

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Normative constitutional economics focuses on legitimizing the state and its actions as the best means of maximum efficiency and utility, judging conditions or rules that are efficient, and discerning and studying the political systems to maximize efficiency, where the

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The generally accepted birth of constitutional economic analysis of US Constitution was Charles Austin Beard's landmark 1913 book

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Judge Richard Posner emphasized the importance of a constitution for economic development. He examines the interrelationship between a constitution and the economic growth.

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The Russian school of constitutional economics was created in the early twenty-first century with the idea that constitutional economics allows for a combined economic and

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Walter Block and Thomas DiLorenzocriticize the possibility of constitutional economics as a science. They maintain that politics cannot be equated with the market and therefore, as a

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