Social and Institutional Aspects of Economic Transformation
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 2
Abstract
The article is written on a topical issue devoted to the problem of economic transformation. The limitations of orthodox economic theory to the study of economic transformation and the need to use a methodology that allows the use of empirical evidence and methods of investigation of all areas of economic and institutional theory were highlighted. Economic transformation is considered as a form of social transformation, covering all spheres of social life is a manifest in the economic and social, economic, cultural, economic and political, economic and spiritual interactions and reflects the social context of the economic system. People were recognized as a subject of economic transformation. They are considered as the subject of economic transformations taking into account the influence of modernist and post-modernist values on the formation of social and cultural features of society. Man's role in the process of economic transformation process of socialization is defined in its broadest sense. The criterion of efficiency of economic transformations was defined as transaction costs. When they reach the critical values the destruction of the institutional system and disturbing the natural course of evolution of the economic system occurs. Technological evolution is recognized as a major factor of economic transformation. Considered non-technological, institutional factors of economic transformation, the differences in the dynamics of changes in technology and social institutions, and social inertia is considered as a defensive reaction to changes in the economic system of the existing social institutions.
Authors and Affiliations
Svitlana Ivashyna, Oleksandr Ivashyna
Keywords
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