Article is devoted to the analysis of interconnection of market development and political economy as a core of economic theory and economic sciences. The roots of political economy are rising from the nationwide market economy. There are some explanations of marxism, neoclassical theory and economics appearance. The causes of political economy worldwide renaissance are shown as will. It pays attention to the problems of formation of Russian national model under contemporary economic crisis conditions.
Key words: market development, political economy, economic theory, national economic model
JEL codes: А1.