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How Economics Forgot History
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How Economics Forgot History : The Problem of Historical Specificity in Social Science

Book Details

Format Hardback or Cased Book
ISBN-10 0415257166
ISBN-13 9780415257169
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Aug 23rd, 2001
Print length 446 Pages
Weight 658 grams
Product Classification: Economic history
Ksh 38,150.00
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Hodgson calls into question the tendency of economic method to explain all economic phenomena using the same catch-all theories. He argues that you need different theories and that historical contexts must be taken into account.
In arguably his most important book to date, Hodgson calls into question the tendency of economic method to try and explain all economic phenomena by using the same catch-all theories and dealing in universal truths. He argues that you need different theories to analyze different economic phenomena and systems and that historical context must be taken into account.

Hodgson argues that the German Historical School was key in laying the foundations for the work of the pioneer institutional economists, who themselves are gaining currency today; and that the growing interest in this school of thought is contributing to a more complete understanding of socio-economic theory.

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