Keyword: «innovation economics»

POLITICAL AND LEGAL SYSTEM AS AN INSTITUTION OF INSTITUTIONAL ECONOMIC THEORY AND THE BASIS FOR THE DEVELOPMENT OF INNOVATIVE ECONOMY

Author:

Igor Mankovskii

The analysis of the processes of the innovative economy is carried out, the need to develop an economic theory that meets the requirements of the economic development is noted, some inconsistency with the indicated needs of the neoclassical paradigm is noted, and it is proposed to apply institutional economic theory with an emphasis on political and legal institutions, which, in the author's opinion, have the most significant impact on the behavior of economic agents.

Keywords: political institutions, innovation economics, neoclassical economic theory, institutional economic theory, complex scientific analysis, legal institutions