Where Have We Been and Where Are We Going?
Опубликовано на портале: 06-02-2003
Economics Working Paper Archive at WUSTL.
1996.
Тематический раздел:
Improving our understanding of the nature of economic change entails that we draw
on the only laboratory that we have--the past. But "understanding" the past entails
imposing order on the myriad facts that have survived to explain what has happened--that
is theory. The theories we develop to understand where we have been come from the
social sciences. Therefore there is a constant give and take between the theories
we develop, and their application to explain the past. To begin we need to assess
what we have learned from the past and then assess the usefulness of the tools at
hand--i.e. the rationality assumption and growth theory we employ in economics? We
will then go on to explore in subsequent sections some recent development that offer
the promise of improving our understanding of the past and of where we are going.
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