From Marxian School of Economic Thought to System Paradigm in Economic Studies: The Institutional Matrices Theory
Montenegrin Journal of Economics, Vol.8, No 2 (Special Issue), pp.53-71 (October 2012)
21 Pages Posted: 8 Jun 2014
Date Written: February 1, 2012
The paper discusses some theoretical-methodological basis for the institutional change analysis in transitional countries. First, the paper shows the specific approach of the Marxian school of economic thought to the analysis of social and economic institutions. Second, the most general features of the system paradigm in economic theory (Kornai, 1998) are presented. Third, the institutional matrices theory, or IMT (Кирдина, 2001; Kirdina, 2001, 2010, etc.), developing Marxian approach and systemic ideas, is presented. An explanatory power of IMT is shown by the analysis of post-soviet reforms in Russia and East-European countries.
Keywords: institutions, economic systems, Marxian approach, institutional matrices
JEL Classification: B24, B25, P20, P51
Suggested Citation: Suggested Citation