What is the Value of Economic History? | History Today

There is a long-standing tendency to think of ‘the economy’ as a detached yet volatile force that has shaped people’s lives throughout history. This impersonal approach results from the desire to isolate and assess economic developments in a rational way. Yet that process in itself limits the appeal of economic history by detaching it from the real-life experiences of individuals and communities. In other words, economics is one of the principal reasons for economic history’s lacklustre reputation. If instead those real-life experiences are placed at the centre, the subject has the potential to come to life.
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