A retrospective of socio-cultural integrity of individualism as propaedeutics of modern political economy analysis

Subject. The article addresses socio-cultural qualitative integrity of individualistic concept as a metaphysical basis of political economy analysis in the context of actualization of non-economic and non-cognitive factors of economic development. Objectives. The aim is to develop a formation sequence of the qualitative integrity of ontological paradigm of individualism as propaedeutics of the innovative form of modern political and economic development of countries and areas worldwide. Methods. The study draws on interdisciplinary, logical and epistemological, and qualitative analysis of individualism as a general basis for the formation and development of the public sector of the modern economy; and the content analysis of modern relevant domestic and foreign sources. Results. The result of the research is the imperative of understanding individualism as a socio-cultural phenomenon, which is a unity of value forms that determine the internal logic of a systematic approach to the modern political and economic analysis of economic development. The paper emphasizes the critical importance of permanent primacy of constitutional principles and freedoms of the individual, as well as the secondary nature of the post-constitutional institutions of coordination, even if they are inclusive and imply the stability of functioning and the unconditional protection of property rights. Conclusions. The scientific and practical significance of paper is in the possibility to use directly the elements of qualitative integrity of the ontological paradigm of Hayek's individualism for the development of an innovative model of political economy analysis of any economic system, taking into account its socio-cultural and civilizational features.