Economic Theory and Organizational Analysis. Harvey Leibenstein

Substantive provisions of the Marx-Engels-Lenin economic theory in comparison with vital realities of XX century are critically considered in the article. Theories of surplus value, labor value, general law of capitalist accumulation, absolute and relative impoverishment of proletariat are examined. The author points to utopianism and inconsistency of Marx's theory and calls Russian economists for creation of new economic theory adequate to challenges of XXI century.

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"Marketocentric" Economics Is Obsolete

Voprosy Ekonomiki ◽

10.32609/0042-8736-2004-3-36-49 ◽

2004 ◽

pp. 36-49 ◽

Cited By ~ 4

Author(s):

A. Buzgalin ◽

A. Kolganov

Keyword(s):

Economic Theory ◽

Middle Ages ◽

Modern Science ◽

Economic Systems ◽

Main Mode ◽

Post Market ◽

Market Relations ◽

Post Industrial ◽

The 19Th Century ◽

The Universe

The "marketocentric" economic theory is now dominating in modern science (similar to Ptolemeus geocentric model of the Universe in the Middle Ages). But market economy is only one of different types of economic systems which became the main mode of resources allocation and motivation only in the end of the 19th century. Authors point to the necessity of the analysis of both pre-market and post-market relations. Transition towards the post-industrial neoeconomy requires "Copernical revolution" in economic theory, rejection of marketocentric orientation, which has become now not only less fruitful, but also dogmatically dangerous, leading to the conservation and reproduction of "market fundamentalism".

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Beyond Market: Institutions of Governance in the Complex World (Nobel Memorial Prize in Economics 2009 - Oliver Williamson and Elinor Ostrom)

Voprosy Ekonomiki ◽

10.32609/0042-8736-2010-1-82-98 ◽

2010 ◽

pp. 82-98 ◽

Cited By ~ 4

Author(s):

Ya. Kuzminov ◽

M. Yudkevich

Keyword(s):

Economic Theory ◽

Behavioral Economics ◽

Nobel Prize ◽

Organization Theory ◽

Development Studies ◽

Complex World ◽

Market Institutions ◽

Institutional Economic

The article surveys the main lines of research conducted by Oliver Williamson and Elinor Ostrom - 2009 Nobel Prize winners in economics. Williamsons and Ostroms contribution to understanding the nature of institutions and choice over institutional options are discussed. The role their work played in evolution of modern institutional economic theory is analyzed in detail, as well as interconnections between Williamsons and Ostroms ideas and the most recent research developments in organization theory, behavioral economics and development studies.

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