The Declining American Maritime Industries: An Unsolved Problem, 1860–1940

John G. B. Hutchins

The Journal of Economic History, 1946, vol. 6, issue S1, 103-122

Abstract: The phenomenon of change lies at the core of economic and business history. Otherwise, in common with other branches of economics, we would be engaged in the dull task of describing and explaining the static state of the classical and neoclassical theorists. The historical economist deals with the field of dynamic economics on the largest possible scale. Furthermore, unlike the theorists of dynamic economics, he is under obligation to deal with actual situations as they have arisen, and to reach judgments in the light of all-important observable factors. This is a difficult assignment.

Date: 1946
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