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Economics in the History Mirror

E.L. Jones
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E.L. Jones: La Trobe University

Journal of Interdisciplinary Economics, 1990, vol. 3, issue 3, 157-172

Abstract: For writing economic history, standard theory is found to be excessively a priori and prone to assume away interesting phenomena. A particular defect is the lack of a mainstream theory of institutional change. Yet market analysis, although sometimes used unwisely as a substitute for historical description, does offer a standard of comparison which is absent from general history. The simpler concepts of economics also offer returns which the historian can scarcely afford to spurn.

Date: 1990
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