We compare banking in economic systems of different type, namely X-type (redistributive economy) and Y-type (market economy). In an X-type economic system banking has a peculiar institutional design and is organized “top-down”, whereas in a Y-type market economy we see a “bottom-up...

The paper considers institutional models that define the macroeconomic policies for real sector financing as well as the R&D financing serving further as a technological base for real sector development in various nation-states. The hypothesis is tested that two institutional models in these...

We undertook an institutional analysis of commercial banks in Russia. After the failed experiment with private financial intermediation in the 1990s, Russia migrated towards a banking system consisting of three — rather than two — tiers and featuring core institutions controlled by the state...

This article represents a paper for the 5th International Symposium on Evolutionary Economics “Economic Transformation and Evolutionary Theory of J. Schumpeter” (Pushchino, Moscow region, Russia, 25-27 September, 2003). There is shown, that the comparison of two well-known works of Josef...

Neither criticising Western social theory nor constructing an alternative kind of social theory is currently being thought of as a creative and fruitful method for social theorizing around the world today. The development of a new theoretical framework for understanding and explaining social...

The objective of the paper is to define the trajectory of economic institutional reforms in Russia as a framework of S&T policies. The methodology of this research is based upon the institutional matrices theory (Кирдина, 2001; Kirdina, 2003). The hypothesis claims that the “institutional...

The objective of the paper is to analyze the results of XVII World Congress of Sociology (Gothenburg, Sweden) in July 2010. The necessity to reconstruct the key-sociological paradigm with its western-centric modality is claimed. Parallels with the situation in modern economic theory are emphasized.

Inquiries into institutional change are relatively new to post-transition Russia. Unlike most studies, this inquiry draws attention to thinking of social control that is aimed, not at changing, but rather at retaining institutions. In this vein, I argue that the retention of institutions can and...

The idea that modern economics is necessarily based on market capitalism continues to dominate in scientific-scholarly discourse. The objective of this article is to present institutional matrix theory, or X- and Y-theory, as an alternative systemic institutional approach to economic and...

The paper discusses some theoretical-methodological basis for the institutional change analysis in transitional countries. First, the paper shows the specific approach of the Marxian school of economic thought to the analysis of social and economic institutions. Second, the most general features...