Economic History

Level: beginner

INET, 2019
Perspective: Institutionalist Economics
Topic: history of economic thought, institutions, philosophy of science
Format: Lecture
Duration: 00:23:49
Link: https://www.youtube.com/watch?v=GFgrJa5X56g

In this tenth lecture in INET’s “How and How Not to Do Economics,” Robert Skidelsky argues that there are two main reasons why economists should study history. The first is to make history better. The second is to make economics better. If history is the study of the particular, and economics of the general, the value of history to economics is to enable them to make their generalizations more concrete and admit their limits.

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