Institutional changes in the economy have been the research subject of many economists, the majority of studies are carried out within neoinstitutionalism. In this paper the author attempts to analyze current institutional changes in terms of the old or traditional institutionalism. The author...

This article addresses a range of questions associated with the occurrence of a new field of study - narrative economics, which is considered in the context of modern institutionalism. Pioneering works of R. Shiller, G. Akerlof, and D. Snower spotlighted the importance of analyzing narratives...

Russian Abstract: В статье анализируются особенности институциональной среды инновационной системы России. Исследуются взаимосвязи между инновационной активностью и...

The Russian Don Army Region is characterized by a favorable geographical location, relatively soft climate, and plenty of fertile land. It could have become one of the centers of development for agrarian and trade entrepreneurship in the Russian Empire. However, the region strongly fell short of...

The article argues the neutral nature of markets. It describes the ways neutral markets expand or fold under the influence of non-neutral institutions. A demarcation is lined up between efficacy of a market process and a market result. The paper shows inconsistency of existing neoclassic models...

Nowadays, the most typical reforms in higher education are conducted through the reorganization of universities either in the form of a merger, acquisition, or new status attainment. As a result, universities which educate local leaders for their respective national economies and have a profound...