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The purpose of this chapter is to study institutional contradictions in the existing concept of institutional economy.

The authors use the methodology of neo-institutional analysis, based on qualitative description and modeling of the process of institutionalization of socioeconomic phenomena and processes, logical analysts of their essence, advantages and drawbacks, and the method of graphical presentation of information (method of formalization).

Graphical interpretation of institutional economy as a social institute on qualitative analysis reflects the determined institutional contradictions of this concept that are related to the dual character of the role of information, violation of the logic of the process of institutionalization, and uncertainty toward information exchange. The authors determine the institutional gaps in the conceptual model of information economy that show a necessity for the development of its methodological provision.

The determined logical mismatches in the model of information economy show nonoptimality of its concept and existence of perspectives, which depicts a necessity for its improvement – which is the main recommendation of the authors.