Warren Samuels on Economic Analysis, Institutional Theory and Ideology
Author: Marcho Markov
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.