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Warren Samuels on Economic Analysis, Institutional Theory and Ideology

Author

Listed:
  • Marcho Markov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The article considers the views of the world famous American economist and historian of economic thought Warren Samuels on three key issues – economic analysis, institutional theory, and ideology. According to him, realistic economic theory must include social changes, social control, collective actions, technology, process of industrialization, and market as institutional complex - not as abstract mechanism. Samuels generalizes basic methodological principles, most important theses, and approach in studying History of Economic Thought by institutionalists. Thereby a set of important relationships between economic analysis and ideology is derived.

Suggested Citation

  • Marcho Markov, 2013. "Warren Samuels on Economic Analysis, Institutional Theory and Ideology," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 5-14, December.
    • Handle: RePEc:nwe:eajour:y:2013:i:4:p:5-14
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    More about this item

    Keywords

    economic analysis; theory of institutionalism; ideology; methodological principles of institutionalism;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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