Economic History

    The lessons of the past are vital to understanding our present. Through empirical studies of the history of economies, we can better understand the effects of historical events and policy decisions, providing key insights into our world today.

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    Life after “Rational Expectations”? Imperfect Knowledge, Behavioral Insights and the Social Context

    Many people regard the recent financial crisis as a painful addition to an already massive body of evidence that demonstrates the inadequacy of today’s economic models of “rational” markets. Read more