Postmodern And Metamodern Philosophy On Institutional Theory Of Organizations

Abstract

Modern economic science has an extensive and varied methodological toolkit for studying various economic phenomena, one of which is organization — the proposed explanation of the emergence and termination of existence based on the transactional approach. Institutionalists prioritize the rules (institutions) that structure the interaction of economic agents within the firm to reveal the firm's nature. Differences in views on nature are explained by researchers' methodological choice, which is due to methodological pluralism, their modern scientific community in the context of the transition from postmodern to metamodern. The study's relevance lies in the fact that now in economic science, there is no comprehensive analysis of the evolution of economic knowledge development in conjunction with philosophical knowledge development — the philosophy of postmodern and metamodern poses before the economic theory of organizations. The present study fills this gap, revealing the influence of the philosophy of postmodern and metamodern on the formation and development of organizations' institutional theory. The study aims to identify the general development logic of the institutional theory of organization and the relationship with the philosophy of postmodern and metamodern. The research methodology includes methodological institutionalism, method of rational reconstruction of scientific knowledge, comparative analysis method, analysis method, and synthesis. The study results are to identify the impact of postmodern and metamodern on organizations' institutional economic theory.