Beyond the New Economic History

Douglass North

The Journal of Economic History, 1974, vol. 34, issue 1, 1-7

Abstract: The new economic history has been with us now for almost a score of years. Its practitioners have advanced from young revolutionaries to become a part of the middle-aged establishment; and by all the criteria of publication and training of graduate students, it has indeed transformed the discipline in the United States. From my quite subjective perspective, the new economic history has made a significant contribution to revitalizing the field and advancing the frontiers of knowledge. Yet I think it stops short—far short —of what we should be accomplishing in the field. Our objective surely remains that of shedding light on man's economic past, conceived in the broadest sense of those words; and I submit to you that the new economic history as it has developed has imposed strictures on enquiry that narrowly limit its horizons—and that some of my former revolutionary compatriots show distressing signs of complacency with the new orthodoxy.

Date: 1974
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