Political economy is the science of kings, or The theoretical beginning of effective reform policies
The article presents the main problems of socio-economic development at the present stage, due to the lack of political and economic knowledge and the necessity of intense revival of the new political economy. «Bad» are developing countries that economic agents do not know the laws and categories of modern political economy. The latest, according to the author, absorbs the classic foundations of political economy as a science in general, and expanded to public geopolitical reproduction of new resources, relationships, properties, factors, conditions: information, institutions, motives, forms of cooperation, etc. The political economy of institutional change is the central scientific problem of our time.