According to public choice theory, the market and the state are both device
s through which cooperation is organized and made possible. This theme of v
oluntary government is most prevalent in the subset of public choice known
as constitutional economics. We believe that the analogy between politics a
nd markets made by constitutional economists is theoretically weak and clou
ds rather than enhances our understanding of political economy. Politics ha
s very little in common with non-coercive, voluntary exchange in the market
place.