Economic History | How & How NOT to Do Economics with Robert Skidelsky

The video explores the relationship between history and economics, emphasizing the importance of historical context in understanding economic theories. It critiques the dominance of neoclassical economics and econometrics, advocating for a more nuanced approach that considers historical cycles and the German Historical School's perspective. The video concludes by highlighting the value of economic history in shaping better economic theories and policies.

What role does the concept of contingency play in economic theorizing according to the text?

How does the text suggest that history can help economists avoid elementary mistakes?

What lessons from the past does the text suggest can be applied to the economic crash of 2008?

What implications does the study of economic history have for modern economic theories?