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On some peculiarities of the subject of institutional theory

On some peculiarities of the subject of institutional theory

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 5-13

The definition features of the institution and the difficulties associated with determining of the institutional theory subject are considered in the paper. The author shows that the starting point for a logical explanation of the economic institutions and the original element of institutional analysis subject is an explanation of the social interaction between people in the economic activity. There are two different aspects of institutions (rules): the elimination of uncertainty and the creation of a very specific certainty in interactions. The limitations of transactional approach to analyze the institutions impact on economic behavior are revealed. The size and structure of the transformation costs include not only technological, but also the institutional component and is also a reflection of the institutional structure of society.

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Russia: pros and cons early spread of Marxism in breadth

Russia: pros and cons early spread of Marxism in breadth

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 14-57

The paper is devoted to studying the works of Karl Marx in Imperial Russia. The author examines the background and reasons for rejection of the teachings of Marx Western academic economic science on the one hand, and the rapid spread of Marxism in the country, the second echelon of capitalism on the other. Particular attention is paid to analysis of works by V. Lenin, showing his role as a popularizer and vulgarizer Marx, investigates the factors that contributed to Russification and orientalization Marxism. The spread of Marxism in the Russian Empire "breadth" occurred to a much greater extent than is allowed domestic economic, social and cultural conditions. But the same Russian reality has become obstacle to the spread of Marxism in Russia, "depth", for its development in an integrated and adequate primary source form. In conclusion, the author analyzes the causes of increasing interest to the academic Marxism, both in our country and abroad.

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Veblen effect, the marginal utility of money and money illusion

Veblen effect, the marginal utility of money and money illusion

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 58-80

The paper discovers microeconomic mechanism of Veblen effect as well as of Giffen case as results of the negative marginal utility of money. The marginal utility of consumption also becomes negative. The total consumption-leisure utility is increased due to the increase in leisure time. This overall effect results in the phenomenon of money illusion on the macroeconomic level. This general effect has deep historical and institutional grounds and, in order to minimize its disequilibrium economic consequences it needs more specific institutional regulation.

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Role of social capital in enhancing development of social-economic systems

Role of social capital in enhancing development of social-economic systems

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 81-101

The paper deals with the basic problem of developing countries in the context of formation an adequate institutional framework of social-economic reforms - low- quality social capital, the main approaches to the interpretation of category «social capital» are analyzed and the main its characteristics are outlined, its distinctive features from «political-administrative capital» are discussed. In the context of public trust formation to the social and economic reforms implemented on the state level, the basic society values on a scale of «traditional values - rational values» and «survival values - values of self-expression» are analyzed, the influence of religious and cultural factors on the strong performance of social capital in the Nordic countries and the relatively low level in countries with emerging markets (for example, Ukraine) are justified. The influence of «Olson's groups» and «Putnam’s groups» on economies with different levels of financial and economic development are discussed, low level of «Putnam’s groups» distribution in economies with emerging markets are analyzed, the list of traditional transaction costs with «disorder costs» and «cost of coercion and control» are supplemented that need to be taken into account in the model of institutional framework curve. The conclusions about the dual institutional effect on the dynamics of economic development were made.

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Economic institutions and business ethics

Economic institutions and business ethics

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 102-113

The attitude to ethical problems in business is determined by the specificity of the economic institutions existing in a society. In turn, the models of people’s behavior prevailing in a society make a reciprocal effect on the state of the entire system of institutions. The inclination of actors to abide by the requirements set by institutions, to ignore or sabotage them results in different ethical models of actors’ behavior. A low effectiveness of institutions existing in a society determines the actors’ selective compliance with the requirements of the institutions and creates objective grounds for the prevalent use of the teleological approach by actors facing a moral choice for the evaluation of institutional constraints - the acceptability or unacceptability of using certain means of solving a problem is not determined by the evaluation of the means itself (from the point of view of its legitimacy or ethicality) but rather by the assessment of the desirability and acceptability of consequences resulting from employing the means.

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Opportunism in the public purchases

Opportunism in the public purchases

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 114-124

The manifestation, reasons and some consequences of opportunistic behaviour in government procurement are discussed in the paper. The main barriers on the way of the efficient contract system’s formation are listed in the article. Opportunism is characterized as economic and ethic problem which leads to an | increase of transaction costs and demands creation a new system of symbols for economic agents for its solution. The variants of opportunistic behaviour are differentiated one from another on their belonging to internal and external organizational environment on the relation to the supplier and customer. The author shows the positive and negative stimulus on the way of observation of the agreements in government procurements sphere.

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Bifurcation situations of social-economic history of the pre-Petrine Russia (history of failed Europeanization)

Bifurcation situations of social-economic history of the pre-Petrine Russia (history of failed Europeanization)

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 125-143

Russian civilization in the XV-XVII centuries experienced a significant influence by both Eastern and Western countries. Although radical "Westernization" of Russia began with the era of Peter I, but in the history of pre -Petrine Russia we can identify a number of bifurcation points, in each of which the weakening of power-property institutions and strengthening of private property could occur. The gradual strengthening influence reasons of Western social-economic institutions and some of the internal situation of the Moscow principality/kingdom, in which increasing influence of institutions of Western Europe could occur, are considered in the paper.

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The infrastructural complex of the Kaliningrad region: problems of post-industrial modernization

The infrastructural complex of the Kaliningrad region: problems of post-industrial modernization

Journal of Institutional studies, , Vol. 5 (no. 3),
p. 144-160

The paper covers the aspects of improving the infrastructure mezo-complex (IMC) management with a view to the full development of the regional system of human capital reproduction (RSHCR), the need to develop principles of a new regional management paradigm. It’s developed a hypothesis, according to which the problem of efficiently functioning system formation of IMC management can be solved if this complex is perceived as a material basis for ensuring the highest possible degree of comfort human life. There are done recommendations on developing a new paradigm of the IMC, which should be aimed at achieving the maximum financial efficiency indicators of economic activity of enterprises, and at the maximum satisfaction of human needs, as well as due to the greater openness of the regional economy and the community at large.

Views: 1414

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