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Methodological Individualism and Methodological Institutionalism

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Abstract

In the paper the capabilities and limitations of methodological individualism­ as a core principle of mainstream economics are explored. The recent debate dealing­ with methodological individualism in economics is considered. Institutional individualism­ principle is tested. As a challenging view, premises for methodological­ institutionalism are offered and considered as an alternative and complementary precondition of the different vision for economic theory.

Suggested Citation

  • S. Kirdina., 2013. "Methodological Individualism and Methodological Institutionalism," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
  • Handle: RePEc:nos:voprec:2013-10-4
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    Keywords

    methodological individualism; methodological institutionalism; institutional theory.;

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary

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