Methodological foundations of analysis: theories of money and the institutional approach

«The problem of money has been considered by many schools of economics, but, unfortunately, it occupies little space in institutionalist theory. Institutionalists most commonly examine property rights, transaction expenses, the essence of companies and the role of the State in the market economy. The problem of money is usually posed only from the point of view of defining money supply and demand for money.
The provisions of neo-institutionalism, and especially the economics of law, which allowed interrelationships between economics and legislation to be revealed, became the methodological basis of analysis.»

I.P. Nikolaeva⁴