0 the system of giving power to a central authority
1 a system of government in which states unite and give up some of their powers to a central authority
Federalism has in its very essence, and even as it exists in America, at least two special faults.
Federalism, in short, would mean the weakness of Great Britain, both at home and abroad.
The study of federalism, as a system of government, has in recent times become a favorite subject for constitutional writers.
This we have seen to be the real purport of American federalism.
But its explanatory power appears to wane after the 1930s, and it ultimately seems less important than either federalism or overall government structure.
There is the behavioral tradition in understanding federalism.
Studies of fiscal federalism have shown that in mature federations a single currency zone is paralleled with fiscal transfers.