Authors
Michael Bennett
Utrecht University
Abstract
Efficiency requires legislative political institutions. There are many ways efficiency can be promoted, and so an ongoing legislative institution is necessary to resolve this choice in a politically sustainable and economically flexible way. This poses serious problems for classical liberal proposals to constitutionally protect markets from government intervention, as seen in the work of Ilya Somin, Guido Pincione & Fernando Tesón and others. The argument for the political nature of efficiency is set out in terms of both Pareto optimality and aggregate welfare maximisation, and similar arguments can be generalised to other social values.
Keywords Efficiency  Constitutionalism  Circumstances of politics  Markets  Ilya Somin  Classical liberalism
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DOI 10.1080/13698230.2020.1799160
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Against Democracy.Jason Brennan - 2016 - Princeton University Press.
Anarchy, State, and Utopia.Robert Nozick - 1974 - Philosophy 52 (199):102-105.

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