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The Turnovo Constitution – Ownership, Finances, Economy

Author

Listed:
  • Milko Palangurski

    (‘St Cyril and St Methodius’ University of Veliko Tarnovo, Bulgaria)

Abstract

The 1879 Constitution of Turnovo gives liberal direction to the economic development of Bulgaria. The constitutional text proclaims equality of ownership and its inviolability. Citizens are not limited in their right to economic initiative and association. The state regulates taxation and the allocation of budget funds using the modern European practices. The economic backwardness has pushed the country's political elite to create and speed up the modernization process through a system of economic ministries.

Suggested Citation

  • Milko Palangurski, 2018. "The Turnovo Constitution – Ownership, Finances, Economy," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 3, pages 23-32, November.
    • Handle: RePEc:ceh:journl:y:2018:v:3:p:23-32
    as

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    More about this item

    Keywords

    constitution; economy; finances; right to have own property; state policy;
    All these keywords.

    JEL classification:

    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods

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