We compare banking in economic systems of different type, namely X-type (redistributive economy) and Y-type (market economy). In an X-type economic system banking has a peculiar institutional design and is organized “top-down”, whereas in a Y-type market economy we see a “bottom-up...

The objective of the paper is to analyze the results of XVII World Congress of Sociology (Gothenburg, Sweden) in July 2010. The necessity to reconstruct the key-sociological paradigm with its western-centric modality is claimed. Parallels with the situation in modern economic theory are emphasized.

We compare banking in economic systems of different type, namely X-type (redistributive economy) and Y-type (market economy). In an X-type economic system banking has a peculiar institutional design and is organized “top-down”, whereas in a Y-type market economy we see a “bottom-up...