Economic history and economic theory
Since the mid-1950s the spread of formal models and econometric method has greatly improved the study of the past, giving rise to the 'new' economic history; at the same time, the influence of economic history on economists and economics has markedly declined. This paper argues that the contribution of history to the advancement of economics is still paramount, as is evident from the evolution of monetary theory and institutions.JEL classification: NO1, A12
Volume (Year): 13 (2006)
Issue (Month): 4 ()
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- Mundell, Robert A., 1999.
"A Reconsideration of the Twentieth Century,"
Nobel Prize in Economics documents
1999-5, Nobel Prize Committee.
- North, Douglass C, 1976. "The Place of Economic History in the Discipline of Economics," Economic Inquiry, Western Economic Association International, vol. 14(4), pages 461-65, December.
- Kuznets, Simon, 1957. "Summary of Discusson and Postscript," The Journal of Economic History, Cambridge University Press, vol. 17(04), pages 545-553, December.
- McCloskey, Donald N, 1976. "Does the Past Have Useful Economics?," Journal of Economic Literature, American Economic Association, vol. 14(2), pages 434-61, June.
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