History Matters: Essays on Economic Growth, Technology, and Demographic Change

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Timothy Guinnane, William Sundstrom, Warren Whatley
Stanford University Press, 2004 - Business & Economics - 510 pages
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Combining theoretical work with careful historical description and analysis of new data sources, History Matters makes a strong case for a more historical approach to economics, both by argument and by example. Seventeen original essays, written by distinguished economists and economic historians, use economic theory and historical cases to explore how and why "history matters."

The chapters, which range in subject matter from the economic theory of irreversible investment to the nineteenth-century decline in U.S. rural fertility to the English poor law reform, are unified by three themes. The first explores the significance, causes, and consequences of path dependence in the evolution of technology and institutions. The second relates to the ways in which economic and political behavior are profoundly shaped and constrained by the cultural and political context inherited from history at a particular point in time. The final theme demonstrates the importance of integrating economic theory into historical research in the gathering and interpretation of data.

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Contents

Editors Introduction
1
PATH
21
Path Dependence and Reswitching in a Model
36
Copyright

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About the author (2004)

William A. Sundstrom is Professor of Economics at Santa Clara University. Timothy W. Guinnane is Professor of Economics at Yale University. Warren C. Whatley is Professor of Economics at the University of Michigan.

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