Listen Up Economists, Why Might History Matter for Development Policy?
Published By: eSS, Mumbai, India | Published Date: July, 22 , 2008History matters, and it matters in important and interesting ways for policy
today. But it is not just actual events in the past. It is how they are recorded, interpreted,
and the interpretation transmitted, that matters. This is what determines the mental
makeup, the preferences in economists’ terminology, of agents in the economy. That is the
causal mechanism. It is the embedding of the past in the present’s perception of policy that
is the transmission mechanism linking history to today’s development policy.
Author(s): Ravi Kanbur | Posted on: Apr 22, 2009 | Views(3888) | Download (987)