ARTICLE TITLE: Constitutional Economics and Private Property Safeguard
AUTHORS: Zhavoronkov S. , Yanovskiy K.
ABSTRACT: Could constitutional guaranties of property safeguards to boost and to sustain economic Growth in very Long Run? We are comparing classical case of the US Founding Fathers with a number of modern attempts (Hungary, Georgia, Ukraine, Russia) to manage economic problems of young Democracies by means of "constitutional regulation". "Constitution" is defined here as a set of values and norms (not necessary fixed), which have become deeply entrenched and accepted among the people so the changes in these norms are realized at maximum cost.
KEYWORDS: Constitution , Constitutional Economics , property safeguards , "Instrument of Government"
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