Constitutional Principle of the Rule of Law and the Right to Private Entrepreneurship Cover Image

Ustavni princip vladavine prava i pravo na privatno poduzetništvo
Constitutional Principle of the Rule of Law and the Right to Private Entrepreneurship

Author(s): Sedad Dedić, Šukrija Bakšić
Subject(s): Law, Constitution, Jurisprudence
Published by: Centar za društvena istraživanja
Keywords: Constitution; Constitutional Principles; The Rule of Law; Legal Certainty; The Right to Private Entrepreneurship

Summary/Abstract: The existance of a constitution which is realised in practical life, or rules with constitutional power and function in the form which is compatible with a concrete law space and the law tradition, that clearly define the the political actors and the rules of the political process and the realization of the rights and interests of citizens on the basis of constitutional principles of the rule of law, the existence of a legal state and legal certainty, presents one of most significant conditions for successful functioning and development of entrepreneurship in a contemporary society. The existence of private initiatives and private enterprises is closely connected to existence of the free market and protection of private property and economic freedom. The economic goals of the rule of law are reflected in the successful functioning of economic powers and economic rules, and therefore quality realization of the right to private enterprises and the ability to achieve a higher standard of living. The rule of law conceived and defined as arbitrary state power and arbitrary personal acts controller, which violate human rights, provide legal certainty and greater efficiency in economic activities. Nevertheless, the rule of law allows citizens to pursue their own economic goals, with the main criteria for making economical costs comparable and realistic to expected profits in the free market. In addition, the results of this kind of attitude should be eliminating legal and economic consequences which have negative influence on law certainty and economic development.

  • Issue Year: 1/2013
  • Issue No: 1
  • Page Range: 55-81
  • Page Count: 26
  • Language: Bosnian