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Methodological features of modern institutional economics

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Author(s): Boris Kovalenko

Journal: Social and Natural Sciences Journal
ISSN 1804-4158

Volume: 3;
Start page: 55;
Date: 2011;
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Keywords: Economics | Neoclassic Trend In Economic Theory | Classical Institucionalism | New Institutional Economics Institutions | Institutional Alternatives.

ABSTRACT
This paper reviews stages in evolution of economics andpremises for institutional economics as a new trend indevelopment of social sciences during scientific-technicalrevolution. Strengths and weaknesses of “mainstream”neoclassical theory are adequately treated. Moderninstitutionalism is not opposed to neoclassical economics,but is considered as its natural extension, an independentresearch program that undergoes development.
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