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PROBLEMS OF MODERN ECONOMICS, N 1 (69), 2019
ISSUES OF ECONOMIC THEORY. MACROECONOMICS
Mazin A. L.
Chair of Economic Theory, Nizhniy Novgorod Institute of Management and Business, Branch of the Russian Academy of the National Economy and State Service under the President of the Russian Federation, PhD (Economics), Professor

Institutional role of household in Russia (Russia, Nizhniy Novgorod)
The article discusses the economic and social role of household that usually combines market economy (hired labor, self-employment and entrepreneurship) and non-market economy (household production, consumption). Household should thus be regarded as an important social institution. Aims and principles guiding various behaviors of household members depend on the activities and correspondences between formal and informal institutions, which themselves are different within different types of institutional environment. The author discuses the aims of households within the Soviet planned economy, analyzes their role in 1990s and in the context of transitional economy and emergence of the new institutional environment. In the present day households contain a possible economic perspective for various population groups; this perspective will primarily depend on the economic growth and the level of life
Key words: household, household production, planned economy, transitional economy, institutes, institutional analysis, Russian households
Pages: 34 - 38



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