Alternative institutions: Phenomenology and modeling

Abstract

and others. Very few economists have based their criticism on the recommendations of the NET. Their attempt was to explain the arguments of all the negative phenomena in the society and economy, and to criticize the destructive neoliberal order through consistent recommendations of the NET. Thus, they proved the imperative need to apply institutional pluralism and interest reasons of its negation. However, the apologetical impact of neoliberals was extremely strong, and highly instrumentalized (Draskovic, 2016).It was in conjunction with the interests of the government nomenclature and foreign consultants. Therefore, it was the matter of paradoxical propaganda of the institutional monism (model type), which in practice did not exist. Respectivelly, in the SEE region, the publishing of many scientific articles have begun. Monographs and dissertations criticized the NEP, based on the NET.The subject of this article, through the selected bibliographic sources, is: ─ to show the theoretical role of the NET as an alternative through the cited publications in Montenegro, ─ to explain their thematic and critical focus, and the sense of the most important recommendations, ─ to verify total negligence of the above mentioned criticisms and recommendations by the government nomenclature, as well as conflict of interests, ─ to discuss the quasi-institutional monistic essence of the eternal non-compatibility of the role of two key economic regulators (state and market), and the appropriate forms of ownership and motivation (state and private), in the phenomenological and problematic sphere, through the prism of vague categories of economic freedoms, interests and equity, and ─ to suggest institutional pluralism as a civilizational imperative of development.J. Eatwell et al. (1995) point out that successful modernization in all developed economies require a combination of free market initiatives and state intervention, because in the long run, there should not be any conflict between objectives and principles of economic efficiency and social justice, since the lack of the latter sooner or later leads to the loss of the former.The NET, as an alternative economic theory in Montenegro, has been present through the publication of scientific articles, monographs, doctoral dissertations, and scientific reports.