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The last generalists

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  • Hans-Michael Trautwein

Abstract

The general trend of research specialisation in economics has contributed to the marginalisation of the history of economic thought. However, it has also led to a state of fragmentation in the profession and thereby increased the costs of neglecting the history of economic thought. This paper argues that historians of thought can help to counteract fragmentation because they are special generalists that fulfil multiple functions, for example, in the education of economists, the detection of blind spots in modern theories and the identification of routes for innovation by backtracking.

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  • Hans-Michael Trautwein, 2017. "The last generalists," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 24(6), pages 1134-1166, November.
    • Handle: RePEc:taf:eujhet:v:24:y:2017:i:6:p:1134-1166
    DOI: 10.1080/09672567.2017.1378694
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    References listed on IDEAS

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    1. Moggridge, D E, 1992. "The," Journal of Economic Perspectives, American Economic Association, vol. 6(3), pages 207-209, Summer.
    2. Olivier Blanchard, 2016. "Do DSGE Models Have a Future?," Policy Briefs PB16-11, Peterson Institute for International Economics.
    3. Hans-Michael Trautwein, 2016. "Knut Wicksell (1851–1926)," Chapters, in: Gilbert Faccarello & Heinz D. Kurz (ed.), Handbook on the History of Economic Analysis Volume I, chapter 50, Edward Elgar Publishing.
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    Cited by:

    1. André Lapidus, 2019. "Bringing them alive," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(6), pages 1084-1106, November.

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