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

In this tenth lecture in INET’s “How and How Not to Do Economics,” Robert Skidelsky argues that there are two main reasons why economists should study history. The first is to make history better. The second is to make economics better. If history is the study of the particular, and economics of the general, the value of history to economics is to enable them to make their generalizations more concrete and admit their limits.

INET sincerely thanks the Julis-Rabinowitz Family for their generous support, who named this series to honor the spirit of a great educator and economic thinker, Uwe Reinhardt.

For nearly 50 years, the late Uwe Reinhardt was a beloved economist and professor at Princeton University. Known best for helping to shape critical discourse around healthcare markets, his biting wit and intellect challenged students, colleagues, and policymakers alike to follow the data and to check all assumptions at the door.

INET also thanks Rethinking Economics for their voices and contributions.

[wabantuhlophe]

I have really enjoyed this lecture series! Accessible, informative and very well constructed.

[philgwellington]

Thank you for your elucidation. Now onto the history of history! Or the idea of the idea. Great channel 👍

[JT_India]

Always a great pleasure listening to such a wonderful discourse by Robert Skidelsky.

[sch]

love this. its so hard to meet an economist who is capable of understanding context

[rushdHBTS]

Present day Economics is also guided by Future as it did by History.
Like Space, Moon and Mars exploration. Started Crystallising in this field and Gradually getting Momentum.

[LinhNguyen-dpyq]

Does anyone know where or in which environment (universities, institutions, etc) we can study about how to solve these above problems and make economics better?
I want to really study in an open environment where to talk about pluralism, thoughts and methodology in economics but still find nowhere like that.

[syedadeelhussain]

Modern-day Economics is all about Mathematics, Physics and Statistics.
Wonder why they don't teach enough history in Economics Degree?

[warrenbuffet]

oh yes and the same logic applies to fed and ezb, yeah this time is different so no one can ever doubt us.

could have called the lecture " how one mercenary single handed defends the establishment"

[ayubaalim]

Robert Skidelsky And His Effect Size of Economic History

[danielpalin]

What is the name of the music in this series?

[helloInternets]

Historical Materialism is Marx 101 yall. Welcome to the tribe.


Luxemburg's Accumulation of Capital reading is due on Monday.

[Uniquelover]

I would like to study the origin of Economics. Can any one help me??

[bushmaster]

Read the book "the bitcoin standard" for all economic history in one place and no philosophizing about it.

[warrenbuffet]

funny when he says " no absolut truths", but what about the outright lies in economics?

[HistoricalPerspectiveRBr]

An unintended irony in the video. It is concerned with the primitivist vs Cliometrics debate, which stems from a tendency to apply modern economic theory clumsily and without sufficient self-reflection to historical study. And then at the end Skidelsky gives a lengthy aside clumsily applying a naive historical cyclical theory to economics without sufficient reflection.

[EuropeanQoheleth]

If there aren't any absolute truths then it's not absolutely true that water is wet. ''There are no absolute truths'' is one of the worst ideas ever, possibly the worst.