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The End of Autistic Economics: Evaluation of Institutional Economic Theory

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  • Sinisha Zarich

Abstract

Emphasis is put on self-criticism that has been developing in the field of economic theory for the last decade. Three issues are analysed in order to answer the question "Has the economic theory made any progress?" - development of orthodox economic thought; evolution of non-orthodox schools and trends; emerging of the new institutional theory. The latter is defined as a valuable achievement in the development of theoretical economic thought with specific strong opportunities for solving problems of the transition economy.

Suggested Citation

  • Sinisha Zarich, 2005. "The End of Autistic Economics: Evaluation of Institutional Economic Theory," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 70-78.
    • Handle: RePEc:bas:econth:y:2005:i:4:p:70-78
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    References listed on IDEAS

    as
    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014.
    2. Becker, Gary S, 1993. "Nobel Lecture: The Economic Way of Looking at Behavior," Journal of Political Economy, University of Chicago Press, vol. 101(3), pages 385-409, June.
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    More about this item

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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