Economic history, economic theory and applied economics
Abstract
This note deals with the importance of economic history in the making of an
economist. With the help of great professionals of the past, notably Schumpeter and Kula,
the paper shows that without great understanding of the past there can be no consistent
analysis of present (and future) economic factors.
JEL Classification: B20; B41; A22.
Keywords: History of economic thought economic methodology teaching of economics