ECONOMIC POWER AND ECONOMIC DEMOCRACY: THE PROBLEM OF LEGAL REGULATION

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ECONOMIC POWER AND ECONOMIC DEMOCRACY: THE PROBLEM OF LEGAL REGULATION

Journal Title: Право та інновації - Year 2014, Vol 4, Issue 1

Abstract

It seems the economic power as economic relations operating phenomenon, which is the basic type of public authority, appear and implement in relationships between its subjects within economic system. They are inherent in determined effect on contractors economic behavior, which is particular for nature, content and power, on operating order of economic institutes with the purpose of appropriate advantages using for own interests providing. It needs to mention, that various segments and forms of economic power centers existing in the scale of economic society system, it needs to divide on such types: a) for the range of subjects – solitary and cumulative (consolidated and spontaneous); b) for type of economic assets – financial, reserve, manufacturing, infrastructural, technological etc.; c) for the nature of pursued interests – private and public; d) for scale of influence – microeconomic and macroeconomic. Private macroeconomic power can be determined as public economic power variety of macroeconomic level operating in market type economic system. It is detected in the process of economic assets concentration in organizational legal forms, which are determined with legislation. At this time economic organization has possibility to influence essentially on contractors economic behavior thanks to market advantages creating, other economic system subjects, on macroeconomic balance condition with the aim of its development strategy realization, using the conflict among other economic power carriers. The assignment of economic power among economic relationship subjects is the essence of economic state policy. It’s one of its economic functions directing on constitutional economic order providing, economic multiplicity and competition, economic democracy and sovereignty of state. The control, assignment and economic power balancing among the main carriers can be realized by the state in the most important segments of national economic system by means of interaction mechanism in suppression-counterbalance regime creating. Some topography of economic power assignment can be directed and balanced for economic democracy providing. Economic democracy can be determined as legal values, principle and object of economic regulation, economic order essence and warranty of national sovereignty. Keywords: economic power; types of economic power; concentration of economic power; legal economic order; economic state policy; economic democracy.

Authors and Affiliations

Dmytro Zadykhailo

Keywords

EP ID EP100760
DOI -
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