Institutional economy

This monograph explains the origins and development of a new approach to explanation of social phenomena: institutional evolutional theory. The author shows the limitations of the neoclassical approach and develops an original theory of economic disfunction, first described in his work in 2001. The monograph explores theoretical and practical foundation and models of economic policy; analyzes monetary, fiscal, stabilization, social and other types of government policy; gives an estimation of the effectiveness of their use in the Russian economy. Also available on related subjects: Belokrylova, O.S. et al. Institutsional`nye Osnovy Rynochnoi Ekonomiki v Rossii (1999); Investitsionnaia Politika v Rossii: Institutsional`nyi i Vosproizvodstvennyi Aspekty, Sotsial`nye Prioritety, Metodologiia, Bankovskii Sektor (1998); Shastitko, A.E. Neoinstitutsional`naia Ekonomicheskaia Teoriia (1999); Kuda Idet Rossiia?: Krizis Institutsional`nykh Sistem: Vek, Desiatiletie, God 1999 (1999); Kirdina, S.G. Institutsional`nye Matritsy i Razvitie Rossii (2000); Risovannyi, I.M. Ekonomicheskaia Nauka i Institutsional`nye Preobrazovaniia v Rossii XIX-XX vv (2003); Strukturnaia i Institutsional`naia Modernizatsiia Ekonomiki Rossii: Sektoral`nyi Analiz v Kontekste Mirovogo Razvitiia (2006).