The Rule of Law and Freedom in Emerging Democracies: A Madisonian Perspective
J. Dorn
Voprosy Ekonomiki, 2003, issue 6
Abstract:
The basic principles of liberal constitutional order proposed by James Madison - the "chief architect" of the U.S. Constitution - are considered in the article. It is stressed that Madison rejected the idea of redistributive state (welfare state) and focused on the limits of government. The overriding principle of liberal order is freedom under the rule of law. The lesson for newly independent states is that spontaneous market-liberal order is needed to coordinate economic activity and the government must minimize its role in the economy. Freedom of choice lets people rise the wealth of nation.
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2003:id:2037
DOI: 10.32609/0042-8736-2003-6-22-37
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