Listen Up Economists, Why Might History Matter for Development Policy?
AbstractHistory matters, and it matters in important and interesting ways for policy today. But it is not just actual events in the past. It is how they are recorded, interpreted, and the interpretation transmitted, that matters. This is what determines the mental makeup, the preferences in economists’ terminology, of agents in the economy. That is the causal mechanism. It is the embedding of the past in the present’s perception of policy that is the transmission mechanism linking history to today’s development policy.
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Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:1897.
Date of creation: Apr 2009
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Note: Working Papers
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History; Economics; development policy; historical events; economic agents;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-25 (All new papers)
- NEP-HIS-2009-04-25 (Business, Economic & Financial History)
- NEP-HPE-2009-04-25 (History & Philosophy of Economics)
- NEP-MAC-2009-04-25 (Macroeconomics)
- NEP-PKE-2009-04-25 (Post Keynesian Economics)
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