Date: Tue, 21 Oct 1997 16:18:06 -0400 (EDT)
From: Gerald Levy <glevy-AT-pratt.edu>
Subject: Re: M-TH: theory's status


Doug Henwood wrote:

> Jerry, I've been thinking about your remark last night that Doug Dowd is
> best known as a historian, not a theorist. Do you mean to imply that theory
> is superior to history? Does theory exist apart from, as well as above,
> history? Or is this a remark on a par with "Bozo is best known as a clown,
> not a theologian," which is true, but irrelevant?

History informs theory and theory informs history. An economic or business
history which does not tackle the major theoretical issues related to the
subject under investigation is a work of journalism rather than political
economy. 

Jerry



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