The Social Sciences

Year: 2016
Volume: 11
Issue: 8
Page No. 1705 - 1710

Problem Field of Informal Institutions

Authors : Galina S. Tsvetkova and Anna V. Filatova

Abstract: The study explores methodological approaches to the definition of the basic unit of institutional research institution. Essential characteristics of formal and informal institutions are summarized their common properties and distinctive features are presented. The researchs define informal economic institutions as a spontaneous order of creating economic relationships which allows participants to meet their economic interests through the use of informal networks. The esearchs emphasize that the study of informal institutions should include not only negative but also positive aspects of these phenomena. Problem field of informal institutions should include not only “anti-institutions” but also public goods (social capital). The study examines the contribution of Russian and foreign scientists to the study of informal institutions. It highlights the differences between Russian and foreign informal institutions.

How to cite this article:

Galina S. Tsvetkova and Anna V. Filatova, 2016. Problem Field of Informal Institutions. The Social Sciences, 11: 1705-1710.

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