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The Russian school of constitutional economics was created in the early twenty-first century with the idea that constitutional economics allows for a combined economic and constitutional analysis in the legislative (especially budgetary) process, thus helping to overcome arbitrariness in the economic and financial decision-making.
As a constitutional provision identifying the supremacy of federal law, the Supremacy Clause assumes the underlying priority of federal authority, albeit only when that authority is expressed in the Constitution itself; [7] no matter what the federal or state governments might wish to do, they must stay within the boundaries of the Constitution ...
New constitutionalism is derived from the classical neo-liberalism framework and represents a set of political policies that promote a new global order. [1] The goal of new constitutionalism is to separate the democratic and economic practices by shifting economic aims from the regional and national level to the global level through constitutional framework. [2]
The transnational capitalist class (TCC), also known as the transnational capitalist network (TCN), in neo-Gramscian and Marxian-influenced analyses of international political economy and globalization, is the global social stratum that controls supranational instruments of the global economy such as transnational corporations and heavily influences political organs such as the World Trade ...
The term "constitutional economics" was used by American economist James M. Buchanan as a name for a new academic sub-discipline that in 1986 brought him the Nobel Prize in Economic Sciences for his "development of the contractual and constitutional bases for the theory of economic and political decision-making."
Constitutional theory in the United States is an academic discipline that focuses on the meaning of the United States Constitution. Its concerns include (but are not limited to) the historical, linguistic, sociological, ethical, and political aspects. Much of constitutional theory is concerned with theories of judicial review.
In November 1917, Lenin issued the Decree on Workers' Control, which called on the workers of each enterprise to establish an elected committee to monitor their enterprise's management. [25] In December, Sovnarkom established a Supreme Council of the National Economy (VSNKh), which had authority over industry, banking, agriculture, and trade. [26]
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.