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I - Introduction

Published online by Cambridge University Press:  05 June 2012

Robert Whaples
Affiliation:
Wake Forest University, North Carolina
Dianne C. Betts
Affiliation:
Southern Methodist University, Texas
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Summary

“Does the past have useful economics?”

by Donald N. McCloskey

The 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.

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Publisher: Cambridge University Press
Print publication year: 1995

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  • Introduction
  • Edited by Robert Whaples, Wake Forest University, North Carolina, Dianne C. Betts, Southern Methodist University, Texas
  • Book: Historical Perspectives on the American Economy
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139174244.003
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  • Introduction
  • Edited by Robert Whaples, Wake Forest University, North Carolina, Dianne C. Betts, Southern Methodist University, Texas
  • Book: Historical Perspectives on the American Economy
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139174244.003
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Edited by Robert Whaples, Wake Forest University, North Carolina, Dianne C. Betts, Southern Methodist University, Texas
  • Book: Historical Perspectives on the American Economy
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139174244.003
Available formats
×