Why should I study Economic History?
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1 Answer
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There are several reasons why you should study economic history. It helps you understand how economic systems have changed throughout time. You can predict possible outcomes of economic policies and make better decisions in the present by taking lessons from past failures and triumphs.
In addition to providing background for understanding current economic challenges, economic history also illuminates how historical events, policies and trends have influenced the state of the economy today. Learning about economic history encourages multidisciplinary methods, analytical reasoning, and critical thinking, giving students useful abilities t...more
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