Methodological features of modern institutional economics

Boris Kovalenko

Abstract


This paper reviews stages in evolution of economics and
premises for institutional economics as a new trend in
development of social sciences during scientific-technical
revolution. Strengths and weaknesses of “mainstream”
neoclassical theory are adequately treated. Modern
institutionalism is not opposed to neoclassical economics,
but is considered as its natural extension, an independent
research program that undergoes development.


Keywords


Economics, Neoclassic Trend In Economic Theory, Classical Institucionalism, New Institutional Economics, Institutions, Institutional Alternatives

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DOI: http://dx.doi.org/10.12955/snsj.v3i0.287

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