State and Institutions: Education as a Product and Generator of Economic Change

Abstract

The author analyzes the discussion on the problems of the genesis and the role of institutions in economic development and shows that, in particular, in the discussion of supporters of “paninstitutionalism”, “ideational approach” and “critical Marxism” its participants do not take into account the dialectical nature of the connection between the development of economic relations, institutions and ideas. The interaction between them includes not only direct, but also reverse, mutual influences. The latter, in fact, determine that ideas have a certain opposite effect on the formation of institutions, but only when they penetrate the consciousness of economic actors capable of carrying out institutional changes. Education as an integral part of culture plays an important role in this process. This role of education becomes even more significant in the context of the creative revolution, when the main factor in the development of the economy is the creative potential of a person.