The article dwells on the peculiarities concerned with the formation of transaction costs in traditional agrarian economy springing up at all stages of a transaction agreement. Hereby, one should take into account that under the conditions of institutional changes and the formation of a new contradictory institutional environment an amount of transaction expenditures grows quickly. However, their basic part bears a concealed character. It happened because the notion of transaction costs is comparatively new even in science, especially in regard to traditional agrarian economy. A proper form of accountability hasn`t been elaborated yet. In financial-economic documents transaction sector isn`t singled out properly today. All this creates difficulties for an assessment of transaction expenditures and their application. This situation has become a source of non-official incomes in traditional agrarian economy for the persons in charge of the reforms conducted.
transaction costs, traditional agrarian economy, institutional changes, reforms, modernization, concealed incomes, transformation
1. Coase, R. H. The Problem of Social Cost / R. H. Coase // Journal of Law and Economics. –1960. – Vol. 3. – pp. 1–44.
2. Dahlman, C. J. The Problem of Externality / C. J. Dahlman // Journal of Law and Economics. –1979. – Vol. 22. – pp. 62–141.
3. Ryazanov V. T. Economic Development of Russia. Reforms and Economic Development in the XIX-th – XX-th Centuries. – SPb., 1998. – 796 pp.
4. Samafolova Ye.V. State Regulation of National Economy: educational text-book. Under the editorship of Kuzbozhev E.N., Vertakova Yu.V. – M.: Kno Rus, 2006. – 272 pp.
5. Stigler Dj.Dj. Economic Theory of Information. Theory of Information. Theory of Firm. –SPb.: Economy School, 1995. -37 pp.
6. Hodjson D. Economic Theory and Institutes: Manifest of Modern Instituonal Economic Theory (translation from English) – M.: Delo (business), 2003. – 464 pp.
; mso-ansi-language: EN-US;