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New Systemic Institutional Approach for Comparative Political and Economic Analysis

Author

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  • Svetlana Kirdina

    (Institute of Economics, Russian Academy of Sciences, Moscow, Russian Federation)

Abstract

The idea that modern economics is necessarily based on market capitalism continues to dominate in scientific-scholarly discourse. The objective of this article is to present institutional matrix theory, or X- and Y-theory, as an alternative systemic institutional approach to economic and political development. It puts forward some new arguments to explain “grassroots resistance†to the deep marketization in many societies and answers the question why capitalism triumphs in the West and fails everywhere else.JEL Classification: P51, B52, A13

Suggested Citation

  • Svetlana Kirdina, 2013. "New Systemic Institutional Approach for Comparative Political and Economic Analysis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 45(3), pages 341-348, September.
    • Handle: RePEc:sae:reorpe:v:45:y:2013:i:3:p:341-348
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    Keywords

    systemic institutional approach; comparative analysis;

    JEL classification:

    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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