Why History Should Replace Economics in the 21st Century – [io9.com]
Fifty years ago, historians advised politicians and policy-makers. They helped chart the future of nations, by helping leaders learn from past mistakes in history. But then something changed, and we began making decisions based on economic principles rather than historical ones. The results were catastrophic.
Photograph of dust bowl survivors, by Dorothea Lange
According to historians David Armitage and Jo Guldi, authors of a new book called The History Manifesto, historians ceded authority to economists by losing their long view. They stopped studying broad stretches of time, refused to analyze long-term trends over centuries or even millennia. Instead, according to Armitage and Guldi, they gave in to “short-termism,” focusing on obscure moments in history that weren’t relevant to the public sphere.