The value of quantitative evidence on the effect of the past on the present

Article Abstract:

Cliometrics has survived since its emergence in the late 1950s. Cliometrics combines economic history with economic theory. It uses econometric and statistical techniques on empirical studies of historical subjects, and uses economic theory to explain historical evidence and interpolate lacking historical data. In the 1990s, enrollment in cliometrics decreased despite improved econometric and statistical tools. The practitioners do not use special tools and have a more cautious and academic method to examine historical data.

Economics, Research and Development in the Social Sciences and Humanities, Research

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Why, indeed, in America? Theory, history, and the origins of modern economic growth

Article Abstract:

The use of growth theory in analyzing the history of economic development has resulted to the creation of various models. The growth without history method relies on past economic data instead of historical events in developing models. The history without theory method focuses on the study of history without using economic theories. The neoclassical and the new growth theory have been compared with each other since both consider only two variables in making its conclusions.

Models, History, Economic development

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