The book develops the theory of institutional change, is formed in the direction of economic analysis - institutional macroeconomics. The author developed the concept of economic dysfunction and applied it to writing problems of economic growth, offers a model of competition in the agents' innovator-conservative," corrects the doctrine of" creative destruction," offers a model of institutional change based on the effect of a chessboard, with the resulting conclusions from the change in criteria for public well-being that are not fair in terms of institutional change. In addition, the...