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Should We Cut on the Executive in Order to Save the Constitutional State?

Turkish Economic Review

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Title Should We Cut on the Executive in Order to Save the Constitutional State?
 
Creator WASNIEWSKI, Krzysztof; The AndrzejFrycz – ModrzewskiKraków University, Faculty of Management and Communication Sciences, Kraków, Poland
 
Subject Institutional economics; Political economy; Fiscal policy.
H30; H60; H11.
 
Description Abstract. Constitutional states, as a separate category of social structures, are progressively losing their economic power, as measured with their capacity to appropriate the available capital stock. Fiscal policies, and the corresponding institutions of public finance, play a significant role in the public appropriation of capital, both through direct redistribution and indirect incentives to private allocation. Policies evolve into institutions after experimentation, yet, as a species, we are not really good at experimenting with our own social structures. The case of New Zealand and their public reforms shows an interesting path, possibly to follow, so as to increase the capacity of experimenting with fiscal policies – and to devise more efficient institutions - through enhanced fiscal prerogatives of the legislative in comparison to the executive.Keywords. Institutional economics, Political economy, Fiscal policy.JEL. H30, H60, H11.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor —
 
Date 2016-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/830
10.1453/ter.v3i2.830
 
Source Turkish Economic Review; Vol 3, No 2 (2016): June; 341-348
Turkish Economic Review; Vol 3, No 2 (2016): June; 341-348
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/830/891
 
Rights Copyright (c) 2016 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0