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

Author

Listed:
  • 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.

Suggested Citation

  • Eivind Merok & Nils August Andresen, 2007. "Back to the Future – the Marginal Utility of History in Economics," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 33, pages 1-3.
    • Handle: RePEc:noj:journl:v:33:y:2007:p:3
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    References listed on IDEAS

    as
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    More about this item

    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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