Methodological Individualism and Methodological Institutionalism

In the paper the capabilities and limitations of methodological individualism­ as a core principle of mainstream economics are explored. The recent debate dealing­ with methodological individualism in economics is considered. Institutional individualism­ principle is tested. As a challenging view, premises for methodological­ institutionalism are offered and considered as an alternative and complementary precondition of the different vision for economic theory.