Constitutional Principles of Economics and Finance
Constitutional Principles of Economics and Finance

Author(s): Orlin Kolev
Contributor(s): Savina Mihaylova-Goleminova (Editor)
Subject(s): Law, Constitution, Jurisprudence, Civil Law, Commercial Law
Published by: Сиела Норма АД
Keywords: economic constitution; political constitution; welfare state; principle of free enterprise; rule of law; sovereignty; economic relations
Summary/Abstract: The chapter examines the constitutional foundations of economic and financial relations. It looks mainly at the principles shaping the economic environment, such as free enterprise and the incentive role of the State for cooperation and economic progress. A distinction is made between principles specific to economic relations and other constitutionally established principles. A link is made between them and the impact of principles in the non-economic sphere on economic processes is considered. The influence of institutes atypical of economic processes is highlighted and their impact on the economic environment is revealed. Principles peripheral to economic relations, such as social justice, social security, equality of citizens before the law, and non-undue restriction of citizens’ rights, are examined and their role in economic relations is highlighted. The constitutional foundations of financial and economic relations are addressed through the operation of the universal principle of the rule of law.

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