Thursday, October 6, 2011

Kevin O'Rourke on the importance of Economic History

Excellent post on Irisheconomy.ie by Kevin O'Rourke on the importance of Economic History:

One of the most important things that a bit of history gives you is a sense of the importance of context. A model will work very well in some technological or institutional contexts, but not in others. 
[...]
If the only thing that economic history did was protect us from one-size-fits-all merchants, it would still be worth the price of admission.

 
 

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