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History and the Economic Past (The future of the economic past (Beatrice…
History and the Economic Past
Introduction
very popular during the 1950s bt lost in popularity during the 1970s
1970s
economic history was seen as getting the worst of both worlds. Orhtodoy political history remained the choice of the elite
Scottish enlightenment
origins
to be found in 18th century scotland -> the writings of the Scottish enlightenment and more specifically the scottish historical school provided the first British signposts
Sir james Steuart -> much more quantitative approach to history
Adam Smith
no quantitative treatment at all of history
The future of the economic past
douglass North
looks at institutions, treats all the factors as endogenous as capable of being incorporated within a comprehensive theory of economic motivation
he argues that the historian needs to learn the tools of the economist and the economist needs to learn the tools of the historian
Beatrice Webb
Beatric Webb -> Royal commission recognised economics as a discipline and she writes that the divorce from economics is a great gain from shoddy history.
more eileen powers optimistic vision of 1933 that economist historians and sociologist should be advancing in cooperative endeavour
other forms of promising history
business history which started essentially with Unilever -> concentrates more on historical methods