voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2011-7-34-43voprecotest-1171Research ArticleИНСТИТУЦИОНАЛЬНАЯ ТЕОРИЯ И СОВРЕМЕННЫЙ КАПИТАЛИЗМINSTITUTIONAL THEORY AND MODERN CAPITALISMДеньги и институциональные иерархии: о поддержании доверительных отношений в сложных монетарных системахMoney and Institutional Hierarchies: On Maintaining Trust Relationships in the Complex Monetary SystemsЛяскоА.LyaskoA.

доктор экономических наук, профессор

Российская академия народного хозяйства и государственной службы при Президенте РФРоссияRussian Presidential Academy of National Economy and Public AdministrationRussian Federation201120072011073443Copyright © Voprosy Ekonomiki, NP, 20112011Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/1171

В данной статье представлена институциональная теория возникновения и развития доверия в денежных отношениях. Индивиды, участвующие в монетарных обменах, полагаются на упорядоченные иерархии вспомогательных институтов, которые призваны поддержать их доверие к деньгам. Однако эти иерархические структуры оказываются не способны исполнить предназначенную им роль защитников доверительных отношений, поскольку их деятельность сталкивается с непреодолимыми препятствиями в виде проблемы бесконечного регресса, отсутствия гаранта высшей инстанции и неконтролируемости сложных монетарных систем. Распад институциональных страховок и гарантий подталкивает экономических агентов к принятию слабой формы доверительных отношений к деньгам, поддерживаемых не столько вспомогательными институтами, сколько некритической верой и индуктивными суждениями относительно условий будущего обращения денежных инструментов.

This paper offers an institutional theory of emergence and continuation of trust in monetary relationships. It suggests that individuals involved into monetary exchanges rely on orderly hierarchies of attendant institutions that shore up their trust in money. These hierarchical structures, however, fail to perform their supposed function of protecting trust in money, since their functioning is confronted with the inherent problems of infinite regress, lack of the guarantor of last resort and uncontrollability of complex monetary systems. The paper argues that the breakdown of institutional insurances and guarantees prompts economic agents to accept a weak form of trust in money, not being rationalized or substantiated by the power of auxiliary institutions, but merely combining blind faith with inductive inferences about the conditions of future circulation of monetary forms and instruments.

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The authors declare that there are no conflicts of interest present.