Pushkinskaya st. 43. office 10
Rostov-on-Don, Russia
e-mail: info@hjournal.ru 
tel. +7(863) 269-88-14

cubsEN (2)

Methodological Issues of the Meso-level Analysis in Economics

Methodological Issues of the Meso-level Analysis in Economics

Journal of Institutional Studies, , Vol. 9 (no. 3),

The growth of attention to the meso level analysis in economics, which intensified in the 21st century, is associated with a number of factors. In this paper we draw attention to the following. First, the dissatisfaction with the traditional micro-macro dichotomy, which does not take into account the growing complexity of the economy and is, therefore, insufficient to understand ongoing economic processes and phenomena, including the causes of recurrent and increasing global crises. Second, the dissemination in the scientific discourse of the ideas of Synergetics and the evolutionary-synergetic paradigm of analysis of (socio) economic systems. With this approach, the dynamic structures of the meso level, which ensure interconnected development of the economy, are at the centre of consideration. The methodological differences between approaches to the meso level analysis, characteristics of Heterodox Economics, and Neoclassical Economics based on microfoundations, are shown. The essence of the heterodox approach presented in the paper is that the meso level is viewed as the result of self-organisation of (socio) economic systems in certain material conditions. The meso level of the economy is formed by the stable materially conditioned structures of interrelations and the rules for the joint functioning of the constituent parts (socio-economic system) that ensure the reproduction and stable dynamics of the development of the entire system. Through the prism of the declared methodology, a retrospective analysis of known concepts, primarily the model of Wasiliy Leontief, was carried out. It is shown that the principles of meso level analysis in economics were used long before the term "Mesoeconomics" was introduced into the scientific literature. A methodological analysis of modern Russian concepts is presented – the theory of the "shifting mode of economic reproduction" (V. I. Maevsky) and the "Institutional matrices theory, or X-Y theory" (S. G. Kirdina-Chandler), which investigate the mesolevel of (socio) economic systems. Particular attention is paid to obtaining new results which could not be obtained within the framework of only micro or macro level analysis.

Keywords: Mesolevel of Economy, Mesoeconomics, Heterodox Economics, Economic Methodology, Theory of Shifting Mode of Economic Reproduction, Institutional Matrices Theory (X-Y theory)

  • Ackley, G. (1968). Macroeconomic Theory. New York: The Macmillan Co.
  • Adami, С. and Hintze, A. (2013). Evolutionary Instability of Zero Determinant Strategies Demonstrates That Winning Isn’t Everything. Nature Communications, 4, 2193. August. (https://arxiv.org/abs/1208.2666)
  • Baumol, U. (2001). What Alfred Marshall Did Not Know: The Contribution of The XX Centuryto The Economic Theory. Voprosy Ekonomiki, 2, 73–107. (In Russian).
  • Berg, R. L. (1993). Genetics and Evolution. Selected works. Novosibirsk: Nauka. (In Russian).
  • Brian, A. W., Ermoliev, Yu. and M. Kaniovski, Yu. M. (1987). Path Dependent Processes and the Emergence of Macro-structure. European Journal of Operational Research, 30(3), 294–303.
  • Brian, A. W. (2015). Complexity and the Economy. Oxford: Oxford Economic Press. 
  • Brian, A., Durlauf, S. and Lane, D. A. (1997). The Economy as an Evolving Complex System II. Reading, Mass.: Addison-Wesley.
  • Campagna, A. (1981). Macroeconomics. N. Y.: St. Martin’s Press Inc.
  • Cowell, F. (2011). Microeconomics. Principles and Analysis. Moscow: “Delo” ANKH. (In Russian).
  • Dementiev, V. E. (2002). Theory of National Economy and Mesoeconomic Theory. Russian Economic Journal, 4, 71–82. (In Russian).
  • Dosi, J. (2012). Economic Coordination and Dynamics: Some Features of the Alternative Evolutionary Paradigm. Voprosy Ekonomiki, 12, 31–60. (In Russian).
  • Dopfer, K. (2008). Origins of Mesoeconomics. “Evolutionary theory, Theory of Self-Reproduction and Economic Development”. Materials Evolutionary Economics, September 14–15, 2007, Pushchino, Moscow region. M: Institute of Economics, Russian Academy of Sciences. (In Russian).
  • Elsner, W., Heinrich, T. and Schwardt, H. (2015). The Microeconomics of Complex Economies, Amsterdam, Boston, London, New York, San Diego: Elsevier/Academic Press.
  • Essays on Economic Synergetics. (2017). Ed. Maevsky V. I., Kirdina-Chandler S. G., Deryabina M. A. Moscow: Institute of Economics of the Russian Academy of Sciences. (In Russian).
  • Evstigneev, R. N. and Evstigneeva, L. P. (2007). Economic Synergetics (Collection). Moscow: IE RAS. (In Russian).
  • Foucault M. (2002). Power and Knowledge. Foucault M. Intellectuals and Power: Selected Political Articles, Speeches and Interviews. Moscow: Praxis. (In Russian).
  • Granberg, A. G. (1997). Wasiliy Leontief: the Life and the Creative Path. In: Leontyef W.W. Moscow: Economika. (In Russian).
  • Hall, P. A. and Soskice, D. (2003). Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford: Oxford Scholarship Online.
  • Heilbroner, R. (1970). Understanding Macroeconomics. 3rd ed. New Jersey: Englewood Cliffs.
  • Hicks, J. R. (1993). Cost and Capital. Мoscow: Publishing group “Progress” (In Russian).
  • Kamko, E. V. (2012). Centralized Management of Innovations in Russia: Institutional Analysis. TERRA ECONOMICUS, 10(2), 19–31. (In Russian).
  • Kirdina, S. G. (2001). Institutional Matrices and the Development of Russia (2nd ed.). Novosibirsk: IEIOPP, the Russian Academy of Sciences. (In Russian).
  • Kirdina, S. G. (2013). Institutional Models of Real Sector Financing. Journal of the New Economic Association, 2(18), 129–157. (In Russian).
  • Kirdina, S. G. (2014). Institutional Matrices and the development of Russia. Introduction to the X-Y theory. Ed. 3rd. M., St. Petersburg: Nestor-History. (In Russian).
  • Kirdina, S. G. (2008). Institutional Self-organization of the Economy: Theory and Modeling. M: Institute of Economics, Russian Academy of Sciences. (In Russian).
  • Kirdina, S. G. (2010). Institutional Change and the Curie Principle. Economic Science of Modern Russia, 4, 28–62. (In Russian).
  • Kirdina, S. G. (2013a). Methodological Individualism and Methodological Institutionalism. Voprosy Ekonomiki, 10, 66–89 (In Russian).
  • Kirdina-Chandler, S. (2017). Institutional Matrices Theory, or X-and Y-theory: A Response to F. Gregory Hayden. Journal of Economic Issues, 51(2), 476–485.
  • Kirdina, S. G., Kuznetsova, A. N. and Senko, O. V. (2015). Climate and Institutional Matrices. SOCIS, 9, 3–13. (In Russian).
  • Kirdina, S. G. and Malkov, S. Yu. (2010). Two Mechanisms of Self-organization of Economy: Model and Empirical Verification. Moscow: Institute of Economics, Russian Academy of Sciences. (In Russian).
  • Kirdina, S. and Vernikov, A. (2013). Evolution of the Banking System in the Russian Context: An Institutional Analysis. Journal of Economic Issues, 47(2), 475–484.
  • Kirilyuk, I. L., Volynsky, A. I., Kruglova, M. S., Kuznetsova, A. V., Rubinshtein, A. A. and Senko, O. V. (2015). Empirical Verification of the Institutional Matrices Theory by Methods of Data Mining. Computer Studies and Modeling, 7(4), 923–933. (In Russian).
  • Kleiner, G. B. (2004). Evolution of Institutional Systems. Moscow: Nauka. (In Russian).
  • Kurtz H. and Salvadori N. (2004). Theory of Production: Long-term Analysis. Moscow: Finance and Statistics. (In Russian).
  • Leontyef, W. W. (1997). Inter-Branch Economy. Moscow: Ekonomika. (In Russian).
  • Loasby, B. J. (2001). Cognition, Imagination and Institutions in Demand Creation. Journal of Evolutionary Economics, 11, 7–21.
  • Lopatnikov, L. I. (2003). Economic and Mathematical Dictionary: Dictionary of Modern Economics. Moscow: Delo (In Russian).
  • Mayevsky, V. I. (2010). Reproduction of Fixed Capital and Economic Theory. Voprosy Ekonomiki, 3, 65–85. (In Russian).
  • Maevsky, V. I. and Malkov, S. Yu. (2014). Prospects of Macroeconomic Theory of Economic Reproduction. Voprosy Ekonomiki, 4, 137–155. (In Russian).
  • Maevsky, V. I., Malkov, S. Yu. and Rubinshtein, A. A. (2016). A New Theory of Capital Reproduction. М.: Nestor-History. (In Russian).
  • Makarov, V. L. (1975). Macroeconomic Models. In: Economic Encyclopedia. Political Economy. Moscow: Publishing house “Soviet Encyclopedia”, 490. (In Russian).
  • Mankiw, N. G. (1994). Macroeconomics. Moscow: Moscow State University. (In Russian).
  • Mitchell, M. (2009). Complexity: A Guided Tour. Oxford: Oxford Univ. Press.
  • Nikolis, P. and Prigozhin, I. (1979). Self-organization in Non-Equilibrium Systems. Moscow: Mir. (In Russian).
  • North, D. (1990). Institutions, Institutional Change and Economic Performance. New York: Cambridge University Press.
  • Omerod, P. (2009). Keynes, Hayek and Complexity. In: Faggini, Marissa and Thomas Lux (editors): Coping with the Complexity of Economics. 19–32. Milan et al.: Springer.
  • Pokidchenko, M. G. (1994). Josef Lang as a New Name in the History of Russian Science. Bulletin of the Russian Academy of Sciences, 64(3), 266–270. (In Russian).
  • Press, W. and Dyson, F. J. (2012). Iterated Prisoners’ Dilemma Contains Strategies That Dominate Any Evolutionary Opponent. Proceedings of the National Academy of Sciences of the U.S.A. 109, 10409–10413.
  • Schumpeter, J. A. (1982). The Theory of Economic Development. Мoscow: Progress (In Russian).
  • Sokolov, G. M. (2013). Institutional Design of Land Relations in Russia in the Post-Perestroika Period. Economic Revival of Russia, 1(35), 112-129. (In Russian).
  • Sokolov, G. M. (2016). Comparative Institutional Analysis of Land Ownership in Russia, India and the US. TERRA ECONOMICUS, 2, 70–89. (In Russian).
  • Standish, R. K. (2006). Theory of Nothing. Charleston, SC, USA: Booksurge.
  • Stewart, A. J. and Plotkin, J. B. (2012). Extortion and Cooperation in the Prisoner’s Dilemma. Proceedings of the National Academy of Sciences of the U.S.A. 109, 10134–10135.
  • Suvorov, P. A. (2014). The “Input-Output” Method as an Instrument of Macroeconomic Efficiency of Innovation and Investment Projects. Moscow. (https://www.econ.msu.ru/ext/lib/.../disertation_Svorov.pdf) (In Russian).
  • Vernikov, A. V. and Kirdina, S. G. (2010). Banking Evolution in the X- and Y-Economies. Evolutionary Economics and Finance: Innovation, Competition, Economic Growth. Materials of the VIII International Symposium on Evolutionary Economics, Pushchino, Moscow Region, Russia, September 17–19, 2009. / Edited by V.I. Maevsky and S.G. Kirdina. Moscow: Institute of Economics, Russian Academy of Sciences, 246–280. (In Russian).
Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
Online-ISSN: 2412-6039
ISSN: 2076-6297