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Forming a new reality: From quasi-market to contractual razdatok

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  • O. Bessonova

Abstract

The article analyzes the key properties of the basic institutional models of the 21st century - the quasi-market and contractual razdatok . It shows that as a result of institutional evolution, during which the razdatok and the market are improving their forms, a new reality is being formed, which is no longer in contrasting market and razdatok institutions, but in their synthesis. Integration of the market and razdatok occurs in two types of synthesis, and leads to the formation of either a quasi-market model or a contractual razdatok . The quasi-market is the reason for the rent-seeking motivation and stagnation of the economy, while the contractual razdatok is a new universal model, leading to dynamic growth.

Suggested Citation

  • O. Bessonova, 2017. "Forming a new reality: From quasi-market to contractual razdatok," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2017:id:325
    DOI: 10.32609/0042-8736-2017-7-96-113
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