| | PROBLEMS OF MODERN ECONOMICS, N 2 (38), 2011 | | ISSUES OF ECONOMIC THEORY. MACROECONOMICS | | Golovko M. V. Assistant Professor, Chair of Management, North Caucasus Academy of Public Service, PhD (Economics)
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| The author discusses the advantages of institutional approach to the research in the sphere of shadow economic relations. The article shows that the institutional approach that allows integrating the tools of economics and ethics is capable of meeting the demands of research in relation to individual socio-economic behavior | Key words: institutional approach, interests, formal norms, informal norms | |
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