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Spring 2015
ISSN 0890-913X
Volume 30, Number 1

A Monarchical Perspective on Constitucional Governance: H.S.H. Price Hans-Adam II of Liechtenstein and The State in the Third Millennium

Alexander William Salter, Texas Tech University
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TheJournalofPrivateEnterprise30(1),2015,121130AMonarchicalPerspectiveonConstitutionalGovernance:H.S.H.PrinceHans-AdamIIofLiechtensteinandTheStateintheThirdMillenniumAlexanderWilliamSalterBerryCollegeAbstractThispaperexploreskeyideasinconstitutionalpoliticaleconomybyanalyzingthewritingsofH.S.H.PrinceHans-AdamIIofLiechtenstein.Asahereditaryheadofstate,HisHighnesshassignificantpoliticalpower.However,theconstitutionandpoliticalinstitutionsofLiechtensteingiveeachelementofthegovernmentthemonarch,theparliament,andthepeoplechecksontheabilityoftheotherstobehavearbitrarily.ThroughexaminingHisHighnesssideasonconstitutionalgovernanceinhisrecentbook,TheStateintheThirdMillennium,thispaperoffersanewperspectiveonthebalanceofpoliticalpowernecessarytokeepstateactivitywithinitsappropriatebounds.JELCodes:H10,H77,P16Keywords:constitutionalpoliticaleconomy,democracy,federalism,monarchy,H.S.H.Hans-AdamII,Liechtenstein,oligarchy,selfdeterminationI.IntroductionHowshouldastatebeorderedifitsauthorityistoremainwithinwell-definedandnonarbitrarybounds?Whatistherelationshipbetweenconstitutionalcraftsmanshipandtheruleoflaw?Canconstitutionswithnondemocraticelements,andevenmonarchicalelements,beeffectiveatrestrainingmajoritarianandautocraticabuses?Eachofthesequestionsundergirdsaseparateresearchprojectwithinthefieldofconstitutionalpoliticaleconomy.Thisessayexplores,ratherthansettles,someofthesequestionsbyexaminingtheideasofH.S.H.PrinceHans-AdamIIofLiechtensteininhisrecentbook,TheStateintheThirdMillennium(2009).Liechtensteinanditsreigningprinceareaninterestingcasestudyforscholarsinterestedinconstitutionaleconomics.SincetheendofWorldWarII,Liechtenstein,atinystatewithapopulationof35,000,121
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