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The gnoseological sense of a new paradigm of the institutional economics

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  • Slawomir Czetwertynski

    (Wroclaw University of Economics)

Abstract

Motivation: The gnoseological sense of a new paradigm, apart from the methodological and sociological sense, includes its the deepest essence. It is expressed in a process of forming and popularization of a paradigm. It includes essential factors of a particular paradigm which are reflected by its general sense. Revealing the essence of the gnoseological sense enables to reveal the main factors from the essential ones, which have been applied unintentionally. The same applies to new institutional economics when it is used without scientific reflection. An idea of revealing the essence of its (of the institutional economics) gnoseological sense is to reveal aspects of the individualism and the holism hidden in it. Aim: Goal of this paper is to reveal the essence of the outline of the gnoseological sense of the paradigm of the new institutional economics. Results: Result of the study is presentation of relations between the individualism and the holism in the paradigm of the new institutional economics. The main conclusion is that the paradigm of the economics sui generis is not homogeneous, similarly to the social sciences. The new institutional economics derives a holistic perspective from the sociology, and individualistic one from the neoclassical economics. Consequently the new institutional economics is based on contradictory foundations (it is of dual nature); this becomes clear at a detailed level of considerations concerning its paradigm.

Suggested Citation

  • Slawomir Czetwertynski, 2019. "The gnoseological sense of a new paradigm of the institutional economics," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(2), pages 165-181, June.
    • Handle: RePEc:cpn:umkeip:v:18:y:2019:i:2:p:165-181
    DOI: 10.12775/EiP.2019.013
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    References listed on IDEAS

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    1. repec:dau:papers:123456789/12343 is not listed on IDEAS
    2. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
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    More about this item

    Keywords

    new institutional economics; paradigm; holism;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines

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