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Economic Theory and Economic History

In: An Economist’s Guide to Economic History

Author

Listed:
  • Robert P. Gilles

    (Queen’s University Belfast)

Abstract

This chapter argues that the dismal science is in a dismal state. The problem is caused by the existence of very difficult methodologies, complicating the relationship between economic theorising and empirics. As part of a possible remedy, the author discusses how economic theorising could relate more productively to (economic) history. While analytic narratives can be used to explain the particular economic aspects of a historical episode, history can also provide insights about human economic endeavours that help formulate better general theories.

Suggested Citation

  • Robert P. Gilles, 2018. "Economic Theory and Economic History," Palgrave Studies in Economic History, in: Matthias Blum & Christopher L. Colvin (ed.), An Economist’s Guide to Economic History, chapter 4, pages 31-39, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-319-96568-0_4
    DOI: 10.1007/978-3-319-96568-0_4
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    Cited by:

    1. Colvin, Christopher L. & Winfree, Paul, 2019. "Applied history, applied economics, and economic history," QUCEH Working Paper Series 2019-07, Queen's University Belfast, Queen's University Centre for Economic History.

    More about this item

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods

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