Post crisis, will economic history see a revival or continue to decline?

Jessie Romero of Richmond Fed has a short article on the issue of decline in econ history. And more importantly, whether the subject will pick up post-crisis as we realise how things rhyme/repeat from the past.

The field is generating huge interest in research but interest in teaching economic history/history of econ thought continues to be low key affair. Infact, even if there is interest amidst  students there aren’t enough people around to teach the subject.

Romero begins the article showing how in mid-2000s, there was an application for a research grant at NSSF to study economic crises. And guess what it was rejected! He goes on to point how math and then ironically cliometrics led to decline of econ history. Cliometrics which was an application of quantitative techniques to econ history saw the decline of latter. Econs thought we do not really need to study history seperately.

Post-crisis we again see how this neglect of econ history can be a huge issue. But will it really get a pull-up?

Romero is not so sanguine about the prospect…

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