| | PROBLEMS OF MODERN ECONOMICS, N 1 (41), 2012 | | ISSUES OF ECONOMIC THEORY. MACROECONOMICS | | Dolgopolov D. V. PhD student, Chair of Political Economy, People’s Friendship University of Russia (Moscow)
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| The article discusses two approaches to the notion of “institute” and analyzes the major advantages and drawbacks of each paradigm with regards to Russia’s economic realities. The author argues that transition to evolutionary paradigm is necessary for the purposes of a more effective analysis of the present economic situation in the country | Key words: neo-institutionalism, evolutionary economics, institute, institutional environment, property right | Pages: 46 - 49 |
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