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Back to the Future – the Marginal Utility of History in Economics

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Author Info
Eivind Merok () (Researcher at the Departement of Archeology, Conservation and History)
Nils August Andresen () (Researcher at Econ Pöyry)
Abstract

Economics and economic history share many fundamental research problems and have a rich shared intellectual history. Still, works by economic historians are rarely read or referenced in economics. In this essay we attempt to identify the cost of this negligence. In particular, we argue that a restrictive understanding of the economic research programme excludes available evidence and precludes analysis of complex situational constraints on economic decision-making.

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Publisher Info
Article provided by Nordic Journal of Political Economy in its journal Nordic Journal of Political Economy.

Volume (Year): 33 (2007)
Issue (Month): ()
Pages: 3
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Handle: RePEc:noj:journl:v:33:y:2007:p:3

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Find related papers by JEL classification:
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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  1. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December. [Downloadable!]
  2. James J. Heckman, 2001. "Micro Data, Heterogeneity, and the Evaluation of Public Policy: Nobel Lecture," Journal of Political Economy, University of Chicago Press, vol. 109(4), pages 673-748, August. [Downloadable!] (restricted)
  3. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58, pages 211. [Downloadable!] (restricted)
  4. Grubel, Herbert G & Boland, Lawrence A, 1986. "On the Efficient Use of Mathematics in Economics: Some Theory, Facts and Results of an Opinion Survey," Kyklos, Blackwell Publishing, vol. 39(3), pages 419-42.
  5. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January. [Downloadable!] (restricted)
  6. Helmuth Cremer & Firouz Gahvari, 1997. "Tax Competition and Tax Evasion," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 24, pages 89-104. [Downloadable!]
  7. Samuel Bowles, 1998. "Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 75-111, March. [Downloadable!] (restricted)
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This page was last updated on 2009-11-22.


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