I have been having a fantastic time at the economic history association conference – so many ideas and great names being so accessible. As usual however, there were no economists in attendance (other those who are traditionally involved in economic history). We have so much to give to each other’s disciplines – Bernankie and Romer are both very central to Obama’s administration, and have both been very active in economic history in the past.
And yet when reporters call up to ask if we are facing the great depression, economists, especially theoretical economists, do not seem to re-discover an interest in economic history. Instead the answers given are driven from outdated research. Such a shame that such a great opportunity to re-ignite a mutually fruitful relationship has been missed.