THE ECONOMIC LAW AND THE INSTITUTIONAL CONSTRUCTION OF THE DEMOCRATIC DEVELOPMENT

The article is about the functions pursued by the economic law in the structuring and changing of institutions that serve as engines to policies democratically conceived and implemented to foster economic development. Particularly, the article claims that the economic law can be described and operated as a “technology” to frame effective and legitimate institutional arrangements in public policies. In its interaction with the political economy, the economic law is thus discussed from the perspectives of analysis, diagnosis and institutional improvement. Its specificity results from the fact that it can be, in such task, normatively instrumentalized to implement an economic development project