Jorge Vianna Monteiro’s Post

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Expert in *Public Choice* (*Constitutional Economics*).

*Vale a pena refletir sobre o caso brasileiro sob essa perspectiva conceitual e analítica apresentada neste belo texto do sempre excelente Cass Sunstein. Igualmente, esse parece ser um dos possíveis pontos de partida para se explorar um tema muito raro (e muito importante) na discussão da "melhoria institucional" da economia brasileira.* *The Economic Constitution of the United States* "Suppose that the US Department of Transportation wants to issue a new regu-uppose that the US Department of Transportation wants to issue a new regulation, one that would require all new motor vehicles in the United States tolation, one that would require all new motor vehicles in the United States to be equipped with some state-of-the-art safety technology. Will the regulationbe equipped with some state-of-the-art safety technology. Will the regulation go forward? The answer might well lie in the hands of the Office of Information and go forward? The answer might well lie in the hands of the Office of Information and Regulatory Affairs (OIRA), a small office in the Office of Management and Budget.Regulatory Affairs (OIRA), a small office in the Office of Management and Budget. Headed by an administrator who is nominated by the president and confirmed byHeaded by an administrator who is nominated by the president and confirmed by the Senate, OIRA consists of policy analysts, economists, and lawyers, who will askthe Senate, OIRA consists of policy analysts, economists, and lawyers, who will ask whether the benefits of the new regulation would justify the costs. That question whether the benefits of the new regulation would justify the costs. That question is asked not only for motor vehicle safety regulations; it is also asked for climateis asked not only for motor vehicle safety regulations; it is also asked for climate change regulations, occupational safety regulations, water pollution regulations,change regulations, occupational safety regulations, water pollution regulations, immigration regulations, animal welfare regulations, airline safety regulations, and immigration regulations, animal welfare regulations, airline safety regulations, and many others as well. But how do agencies assess costs and benefits? Where will theymany others as well. But how do agencies assess costs and benefits? Where will they look? As it turns out, the United States has something like an Economic Constitution, designed to answer those questions. Most Americans, and even most economists, know nothing about it. Its focus is on human welfare, understood essentially in the economic terms of cost-benefit analysis, with occasional doses of political philosophy (emphasizing, for example, obligations to future generations and the The Economic Constitution of the United States"                                           - ■■ Cass R. Sunstein

The Economic Constitution of the United States

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