The gnoseological sense of a new paradigm of the institutional economics

Slawomir Czetwertynski ()
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Slawomir Czetwertynski: Wroclaw University of Economics

Ekonomia i Prawo, 2019, vol. 18, issue 2, 165-181

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.

Keywords: new institutional economics; paradigm; holism (search for similar items in EconPapers)
JEL-codes: A10 A12 (search for similar items in EconPapers)
Date: 2019
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