Book contents
- Frontmatter
- Contents
- Acknowledgments
- Introduction to students
- Introduction to instructors
- Contributors
- I Introduction
- II Colonial and early national economy
- III Slavery and servitude
- IV The South since the Civil War
- V The rise of American industrial might
- VI Populism
- VII Women in the economy
- VIII The Great Depression
- Appendix: Basics of regression
- Glossary
- Name index
- Subject index
I - Introduction
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Acknowledgments
- Introduction to students
- Introduction to instructors
- Contributors
- I Introduction
- II Colonial and early national economy
- III Slavery and servitude
- IV The South since the Civil War
- V The rise of American industrial might
- VI Populism
- VII Women in the economy
- VIII The Great Depression
- Appendix: Basics of regression
- Glossary
- Name index
- Subject index
Summary
“Does the past have useful economics?”
by Donald N. McCloskeyThe quick answer to McCloskey's question is “Yes” or an emphatic “Of course!” Many would consider it bizarre that this question should even be posed, but McCloskey documents the fact that economic historians are unread by mainstream economists. His audience in the Journal of Economic Literature is primarily these sinners, the academic economists whom he wishes to pull back from the road to hell. Many of these professional economists are in the same position as students reading this collection. They are uninformed about economic history and need to be shown its merits. This is McCloskey's task.
McCloskey demonstrates his points convincingly, and his sermon is splendidly written. Among the strengths of economic history that he illustrates is its ability to provide researchers with “more economic facts” and even “better economic facts” than are currently available from modern data. Had he written the piece more recently, he might have added that historical data are a marvelous teaching device as well. For example, the state Bureau of Labor Statistics data computerized by Susan Carter, Roger Ransom, and Richard Sutch have proven to be excellent for classroom use in economic history or quantitative methods courses (Whaples, 1992).
While his jeremiad is principally directed at economists, McCloskey additionally confirms that economic history is an indispensable part of good history. To study the past without examining economic events or using the tools of economics is to ignore an essential dimension of history.
- Type
- Chapter
- Information
- Historical Perspectives on the American EconomySelected Readings, pp. 1 - 2Publisher: Cambridge University PressPrint publication year: 1995