Finance is History!

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A new sensitivity to the significance of historical experience has developed since the 2007 financial crisis. There are three possible ways of drawing on the past: as a source of advice on policies, of patterns of past evolution, of multiple possibilities. The best way of thinking about history is as a way of testing conventional hypotheses-particularly when those hypotheses are being used to create market opportunities (by making for false confidence; but also by engendering exaggerated despair).

Original languageEnglish (US)
Pages (from-to)1021-1026
Number of pages6
JournalEuropean Review of History/Revue Europeenne d'Histoire
Issue number6
StatePublished - Dec 1 2012

All Science Journal Classification (ASJC) codes

  • History


  • depression
  • financial crisis
  • market instability


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