Abstract:Institutional determinants of economic crises as a subject of scientific study is a compromise between quality notions and quantity calculation. Under pressure of practical governing and disrupted by crises, economic thought developed some concepts and doctrines, addressed to the state authorities. As attractive component theory of economic cycles come out institutionalism. The concepts of two scholars: Svetlana Kirdina (Russia) and Thráinn Eggertson (Iceland) are worth noting. S. Kirdina promote the theory of… Show more
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