Economic history is the study of how economic phenomena evolved in the past. An economy is the realized social system of production exchange distribution and consumption of goods and services of a country or other area Analysis in economic history is undertaken using a combination of historical methods, statistical methods and by applying economic theory to historical situations. History is the study of the past particularly the written record Those who study history as a Profession are called Historians Etymology The historical method comprises the techniques and guidelines by which Historians use Primary sources and other evidence to research and then to write history Statistics is a mathematical science pertaining to the collection analysis interpretation or explanation and presentation of Data. The topic includes business history and overlaps with areas of social history such as demographic history and labor history. Business history is the branch of Economic history that deals with the history of business organizations methods government regulation labor relations and impact on society Social history is an area of historical study considered by some to be a Social science that attempts to view historical evidence from the point of view of developing Quantitative economic history is also referred to as cliometrics. Cliometrics refers to the systematic application of economic theory Econometric techniques and other formal/mathematical methods to the study of history (especially social
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Description
Practitioners and advocates of the first approach, which was for a long time dominant in the United Kingdom, generally regarded economic history as being either an independent discipline or a subfield of history. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located History is the study of the past particularly the written record Those who study history as a Profession are called Historians Etymology Practitioners of the second approach, which is more influential in the United States, usually regard economic history as a subfield of economics. The United States of America —commonly referred to as the In France, economic theory and demographics was early integrated into mainstream historiography due to the large impact of the Annales School of history from the 1920s and onwards. The Annales School (aˈnal(ə in French is a style of Historiography developed by French Historians in the 20th century The 1920s is sometimes referred to as the " Jazz Age " or the " Roaring Twenties " when speaking about the United States and Canada
Economic history has been a contentious issue in the United Kingdom for many years. The London School of Economics and Oxbridge had numerous duels over the separation of economics and economic theory. The London School of Economics and Political Science, more commonly referred to as The London School of Economics or LSE, is a specialist college of the Oxbridge was originally a fictional composite of the University of '''Ox'''ford and the University of Cam'''bridge''' in England, and the term is now Oxbridge believed that pure economics involved a component of economic history and that the two were inseparably entangled. The relative newcomer, the London School of Economics (LSE), believed that economic history warranted its own course, program, study and research apart from pure economics. The Economic History Society had its inauguration at LSE in 1926. Economic History Society exists to support research and teaching in economic and social history Eventually, the LSE position seems to have won out and now many schools in the UK and the US have now developed programs in economic history which have their roots in the LSE model of separating economics and economic history. Often, economic historians such as Robert Fogel and Douglass North, both Nobel laureates in economics, and Nicholas Crafts, of LSE fame, are called upon to advise for some of the world foremost economic institutions: WEF, WTO, OECD and others. Robert William Fogel (born July 1, 1926) is an American economic historian and scientist and winner (with Douglass North) of the 1993 Douglass Cecil North (born November 5, 1920) was the co-recipient (with Robert William Fogel) of the 1993 Nobel Memorial Prize in Economic Sciences The Nobel Memorial Prize in Economic Sciences, officially named The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Sveriges riksbanks pris i ekonomisk Nicholas F R Crafts (born March 9, 1949, Nottingham, England) is world-renowned Professor of Economics and Economic History at the University
Cliometrics
Cliometrics refers to the systematic use of economic theory and econometrics techniques to study economic history. Cliometrics refers to the systematic application of economic theory Econometric techniques and other formal/mathematical methods to the study of history (especially social Econometrics is concerned with the tasks of developing and applying Quantitative or Statistical methods to the study and elucidation of economic principles The term was originally coined by Jonathan R. T. Hughes and Stanley Reiter in 1960 and refers to Clio, who was the muse of history and heroic poetry in Greek mythology. Year 1960 ( MCMLX) was a Leap year starting on Friday (link will display full calendar of the Gregorian calendar. CLIO is the Cryogenic Laser Interferometer Observatory, a prototype detector for gravitational waves In Greek mythology, the Muses ( Ancient Greek, hai moũsai: perhaps from the Proto-Indo-European root * men- "think" are Greek mythology is the body of stories belonging to the ancient Greeks concerning their gods and Heroes the nature of the world and the origins and significance This term is also sometimes used referring to counterfactual history. Counterfactual history, also sometimes referred to as virtual history, is a recent form of Historiography which attempts to answer "what if" questions
Notable economic historians
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See also
- EAEPE
- Short economic history of the world
- Price revolution
- Great Depression
- The Great Moderation
- History of economic thought
- History of international trade
- Anthropometric history
- List of recessions
- List of countries by past GDP (PPP) - For historical gross domestic product (GDP) (purchasing power parity) figures from 1 AD to 1998
- List of countries by past GDP (nominal) - For historical GDP (nominal) figures from 1998 to 2003
References
- Rondo Cameron and Larry Neal (2003, 4th ed. Moses Abramovitz ( January 1, 1912 - December 1, 2000) was an important figure in twentieth-century Economics and Economic Rondo Cameron, (1925 – 1 January 2001) was an American professor of Economic history. Greg Clark (born 28 August 1967 is a British Politician. He is the Conservative MP for Tunbridge Wells. Nicholas F R Crafts (born March 9, 1949, Nottingham, England) is world-renowned Professor of Economics and Economic History at the University Barry Eichengreen (born 1952 is an American Economist who holds the title of George C Stanley Lewis Engerman (born March 14, 1936) is an Economist and economic historian at the University of Rochester. Robert William Fogel (born July 1, 1926) is an American economic historian and scientist and winner (with Douglass North) of the 1993 Claudia Goldin (born 1946-05-14) is Henry Lee Professor of Economics at Harvard University. Sir (Hrothgar John Habakkuk ( 13 May 1915 &ndash 3 November 2002) was a British economic historian. Leo Huberman ( October 17, 1903 - November 9, 1968) was an American Socialist writer Edward Hunt (? &mdash 1866 in Sydney, Australia) arrived in Sydney in 1814 and soon rose to prominence in that city Paul Johnson may refer to Paul Johnson (artist Paul Johnson (philanthropist Paul Johnson (writer, British journalist Charles Poor "Charlie" Kindleberger ( October 12, 1910 – July 7, 2003) was a historical economist and Author Deirdre N McCloskey (born in 1942 as Donald N McCloskey) is an American Economics Professor. Joel Mokyr (PhD Yale 1974 is the Robert H Strotz Professor of Arts and Sciences at Northwestern University. Larry Neal or Lawerence Neal ( September 5, 1937 – January 1981 was a scholar of African-American Theatre. Douglass Cecil North (born November 5, 1920) was the co-recipient (with Robert William Fogel) of the 1993 Nobel Memorial Prize in Economic Sciences Karl Paul Polanyi ( October 25, 1886, Vienna, Austria — April 23, 1964, Pickering Ontario) was a Hungarian Amartya Kumar Sen CH (Hon (অমর্ত্য কুমার সেন Ômorto Kumar Shen) (born 3 November 1933) is an Indian Dr Peter Temin (born 1937 is a widely cited economist and economic historian currently Elisha Gray II Professor of Economics MIT and former head of the Economics Department Adam Tooze is a British historian and Senior Lecturer in Modern European Economic History at the University of Cambridge. The European Association for Evolutionary Political Economy ( EAEPE) is a Pluralist forum of Social scientists that brings together the theorists and Used generally to describe a series of economic events from the second half of the 15th century to the first half of the 17th the price revolution refers most specifically to the high The Great Moderation is a recent phase marked by an economic phenomenon The history of economic thought deals with different thinkers and theories in the field of Political economy and Economics from the ancient world to the present The history of international trade chronicles notable events that have affected the Trade between various countries Anthropometric history is a Term coined in 1989 by John Komlos to refer to the study of the history of Human height, focusing on explaining This is a list of Recessions that have affected the United States. These are lists of regions and countries sorted by their estimated real Gross domestic product (GDP in terms of Purchasing power parity (PPP the value The purchasing power parity ( PPP) theory uses the long-term equilibrium Exchange rate of two currencies to equalize their Purchasing power. This is a list of the countries of the world in order of Gross domestic product (GDP, based on exchange rates not on Purchasing power parity. Larry Neal or Lawerence Neal ( September 5, 1937 – January 1981 was a scholar of African-American Theatre. ) A Concise Economic History of the World: From Paleolithic Times to the Present,480 pp. , including annotated bibliography, Oxford. Table of Contents,
- N.F.R. Crafts (1987). Nicholas F R Crafts (born March 9, 1949, Nottingham, England) is world-renowned Professor of Economics and Economic History at the University "economic history," The New Palgrave: A Dictionary of Economics, v. The New Palgrave A Dictionary of Economics (1987 is a 4-volume reference edited by John Eatwell, Murray Milgate and Peter Newman 2, pp. 37-42.
- Joel Mokyr, ed. (2003), The Oxford Encyclopedia of Economic History. Oxford, U. K. : Oxford University Press, 5 vols.
- Graeme Snooks (1993), Economics without Time. A Science Blind to the Forces of Historical Change.
External links
Articles and lectures
- On global economic history by Jan Luiten van Zanden. Explores the idea of the inevitability of the Industrial Revolution.
Economic History Services (EHS)
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