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How Economics Forgot History

The Problem of Historical Specificity in Social Science

How Economics Forgot History by Geoffrey M Hodgson
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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.
Taylor and Francis; November 2002
443 pages; ISBN 9781134518104
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Title: How Economics Forgot History
Author: Geoffrey M Hodgson
 
ISBNs
0203519817
9780203519813
9780415257169
9781134518104
9781134518111