14 Facts About Economic history

Economic history is the academic study of economies or economic events of the past.

Economics teaches us to look out for the right facts in reading history and makes matters such as introducing enclosures, machinery, or new currencies more intelligible.

Meanwhile, in France, economic history was heavily influenced by the Annales School from the early 20th century to the present.

Cliometrics, known as the New Economic History, refers to the systematic use of economic theory and econometric techniques to the study of economic history.

Economic history is not a handmaiden of economics but a distinct field of scholarship.

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Economic history was a scholarly discipline long before it became cliometrics.

Relationship between economic history, economics and history has long been the subject of intense discussion, and the debates of recent years echo those of early contributors.

However, economic history remains a special field component of leading economics PhD programs, including University of California, Berkeley, Harvard University, Northwestern University, Princeton University, the University of Chicago and Yale University.

Part of the growth in economic history is driven by the continued interest in big policy-relevant questions on the history of economic growth and development.

Conversely, economists in other specializations have started to write a new kind of economic history which makes use of historical data to understand the present day.

Economic history debated with the "classical" economists, including Adam Smith and David Ricardo.

In turn, Marx's legacy in economic history has been to critique the findings of neoclassical economists.

The field utilizes the existing research of business Economic history, but has sought to make it more relevant to the concerns of Economic history departments in the United States, including by having limited or no discussion of individual business enterprises.

Economic history continued, '[economic history] primarily and unless expressly extended, the history of actual human practice with respect to the material basis of life.