Constitution of 3 May 1791 3 May. Consistently with the U.S. Constitution, some background features, such as the order of the governmental Articles firstly distinguished the legislative power (Article VI), next the executive power (Article VII), and the judiciary power (Article VIII), with independent judges to be elected in small constituencies. Others have called it the world's second-oldest codified national governmental constitution after the 1787 U.S. Constitution; the U.S. Constitution was the first governmental constitution introducing a clear division of the executive, legislative and judiciary powers, accordingly with the legal and philosophical values influential in the Enlightenment. Polish constitutionalism can be traced to the 13th
Perspectives on capitalism by school of thought from taxation policy are achieved by optimizing the marginal tax rates to spur growth, although it is a common misunderstanding that supply side economics is concerned only with taxation policy when it is about removing barriers to production more generally. Today, the majority academic research on capitalism in the English-speaking world draws on neoclassical economic thought. It favors extensive market coordination and relatively neutral patterns of governmental market regulation aimed at maintaining property rights; deregulated labor markets; corporate governance dominated by financial owners of firms; and financial systems depending chiefly on capital market-based financing rather than state financing. Milton Friedman