Paradigmatic features of the development of institutional strategies for studying modern economy

The article shows the limitations of the strategies for studying institutional economics, which have developed as a result of both the marginalist revolution and the emergence of the generally accepted dualistic paradigm. Within the framework of this paradigm, competing strategies actually use the utilitarian interpretation of economic motives for the economic actors' behavior as a “hard core”, and social phenomena as exogenous variables, by which different explanatory patterns of economic behavior are created. In the article the peculiarities of the development of a research paradigm are considered, that makes it possible to study the endogenous mechanisms of the development of a modern economy on the basis of an institutional approach.

Keywords

classical paradigm, neoclassical paradigm, institutional theories, institutional economics

Publication date

10.11.2022

Number of characters

40361

Cite

GOST	Biryukov V. Paradigmatic features of the development of institutional strategies for studying modern economy // Obshchestvo i ekonomika – 2022. – Issue 10 C. 33-49 [Electronic resource]. URL: https://oie.jes.su/S020736760022707-6-1 (circulation date: 30.04.2024). DOI: 10.31857/S020736760022707-6
MLA	Biryukov, Vitalij "Paradigmatic features of the development of institutional strategies for studying modern economy." Obshchestvo i ekonomika 10 (2022):33-49. DOI: 10.31857/S020736760022707-6
APA	Biryukov V. (2022). Paradigmatic features of the development of institutional strategies for studying modern economy. Obshchestvo i ekonomika (10), pp.33-49 DOI: 10.31857/S020736760022707-6

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