ideology economic ideology https://en.wikipedia.org/wiki/Category:Economic_ideologies https://en.wikipedia.org/wiki/Economic_ideology https://www.wikidata.org/wiki/Q5333510 An economic ideology is different from an economic theory in that it is normative rather than just explanatory in its approach. An economic theory aims to create accurate explanatory models to describe how an economy currently functions. An economic ideology is distinct from an economic system (such as a market economy) to the extent that explaining an economic system (positive economics) is distinct from advocating it (normative economics). An ideology which expresses perspectives on the way an economy should run and to what end. economic ideologies