Paradigmatic framework of modern economic research strategies: features of formation and revision

Biryukov V. V.
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Biryukov V. V.: Omsk Humanitarian Academy, Omsk, Russian Federation

Russian Journal of Social Sciences and Humanities, 2021, vol. 15, issue 1, 157-164

Abstract: The article is devoted to the problems of the formation of modern trends in the economic theory development. The purpose of the article is to substantiate the logic constructing a paradigm framework for the development of economic mainstream theories and the features of their revision based on the development of an alternative research strategy. The research is based on the use of constructivist methodology, which allows us to study the processes of economic development as a complex system with emergent properties and corresponding to the intersubjective nature of the economy. The emergence of modern paradigmatic frameworks of research strategies is interpreted as the result of the use of a dualistic model based on an eclectic combination of elements of individualism and holism methodologies. The paper deals with the transition to a new research paradigm of studying the relationship of economic relations, values and institutions, taking into account the diversity of economic motives and interests of subjects who have the ability to create collective forms of economic activity that meet the challenges of reality, depending on the achieved value-normative compromise. The proposed paradigm allows us to abandon the interpretation of the evolution of the economy based on the reproduction of the established type of connection between old and new institutions (path dependency) and to use a wide class of models of endogenous changes in values and institutions (path determinacy), within which a qualitatively new causal chain is formed, associated with the reproduction of economic and cultural codes.

Keywords: economic methodology; constructivism; institutionalism; economic value; economic institutions (search for similar items in EconPapers)
JEL-codes: N00 O30 O43 P14 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aws:omskjl:v:15:y:2021:i:1:p:157-164

DOI: 10.17238/issn1998-5320.2021.15.1.17

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