A model of the national economy within the scope of the economic power balance (the legal aspect)

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A model of the national economy within the scope of the economic power balance (the legal aspect)

Journal Title: Економічна теорія та право - Year 2018, Vol 1, Issue 32

Abstract

The article considers internal inherent factors determining the content and direction of national economic models of different countries. The author points out that the specific formula of division and balancing economic power within the national economic system is such internal factor. The consolidated bearers of particular types of economic power, particularly such as large business, small business, owners of natural resources, owners of innovative products, employees, consumers, a government, etc., assume the authoritative macroeconomic identity under certain conditions. They directly and indirectly influence aggregated parameters of functioning of national economies. Legal consolidation of the mentioned bearers by the type of power, their legal institutionalization and formation of the system of interactions, restraints and counterbalances, which eventually enable to correct the socially necessary formula of division and balancing between the mentioned types of power within the national economic system, are key issues. The very formula will determine the main peculiarities of the national model of the market economy. Ensuring economic democracy is a key term of the viability of such model.

Authors and Affiliations

Д. В. Задихайло

EP ID EP396816
DOI 10.31359/2411-5584-2018-32-1-124
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