Author

• Ahmad Shabani

Abstract

This paper shows that the fundamentals and analysis methods used by economics to
describe the economic facts are different from each other. The Appearance of these
methodological differences originates from the different already-accepted
fundamental axioms. This research tries hard to show that there are high distinctions
in the methodological principles of economists belonging to the different schools of
economic thought, including: neoclassics, Keynesians, Marxists, oldinstitutionalists,
and new-institutionalists. In addition, this paper sheds light on the fact that if the
methodological axioms of an economist or school of thought are different from the
other ones, the approaches that originate from these different views would be
different.

Keywords

• methodological principles
• economic methodology
• economic interpretations
• Conventional Economics
• neo-classics
• old-institutionalists
• newinstitutionalists
• methodological pluralism