Features of institutional
behavior of economic agents, which act in the frame of the definite
institutional systems and thus are not free from their influence, are
considered. Such behavior opposes to the behavior of homo economics from the
neoclassic world whose characteristics are given axiomatically – without a
connection to any institutions. Relations of different types of agents with
institutions and institutions with economic development are discussed, a schema
of institutional change leading to the various consequences is proposed. A
special accent is done on the risks of ignoring the specificity of
institutional systems of economies in transition in the process of their
reformation.
Keywords: economic methodology, institutional and evolutionary
economics, microeconomic behavior, institutions, economic development,
institutional transformation.
