This work is an attempt, first, to outline the basic building blocks of evolutionary theory in economics and, second, to offer a comparative assessment of different strands of literature which call upon evolutionary ideas of some sort. We sketch out what we consider to be the main results...

The aspects of institutions’ influence on economic growth and the priorities of their development are studied in the article. Two complementary analytical techniques are suggested. The first one, based on the discrete institutional alternatives method, is aimed at the "institutional design"...

The ability of economics to answer more and more diverse questions goes with rising contestations of its relevance. The paper analyses the evolution of the discipline along four perspectives, in contemporary societies where information and knowledge tend to be more specifically valued. The first...

The economic thought of Jean-Jacques Rousseau has often been reduced to some pieces on money, inequalities, luxury and autarky. Compared to contemporary writings of Quesnay, Smith or Hume, it has been considered for long as backward. Jean Mathiot has however shown that, far from being...

The mechanism of euro functioning is analyzed in the article from the standpoint of limiting the autonomy of monetary authorities of the European monetary union members, which precludes them from manipulating national currency for the short sighted political interests and postponing painful...

The paper shows the role played by the concept of parallel money in understanding the evolution of the monetary circulation in Russia in the 19th and the beginning of the 20th century. As evidenced by historical investigations, the experience of parallel money circulation is both theoretically...

The article examines the scientific legacy of the Nobel Prize-winning economist James Buchanan (1919—2013). The focus is on the evolution of his views on constitutional political economy. The article shows the displacement of Buchanan’s preferences from the expansion of inclusiveness of...

This paper is the first attempt at quantitative and qualitative analysis of the Soviet literature on general equilibrium theory in 1960—1990s. We divide the papers into four subgroups: von Neumann—Gale class of models and equilibrium growth; Arrow—Debreu class of models; disequilibrium...

The paper presents analytical critics of the model of private fiat monies proposed by Hayek in The Denationalisation of Money, and in doing so it formulates the concept of « monetary brand name ». On the one hand, this model of competition between floating banking monies without outside...