Radical Economics, Institutionalism, and Marxism

The argument here is that the Marxist and institutionalist traditions are similar in many respects, notably that both are inherently radical in their approaches to the economic system. There is an ongoing need to assay the similarities and differences between these two vital intellectual traditions. The phrase ‘inherently radical’ is used advisedly. It is argued in what follows that the two intellectual traditions are inherently radical owing to the character of their respective philosophical and methodological orientations.