American Institutional Studies: Present Knowledge and Past Trends

The production of economic history, like that in many fields of scholarly endeavor, increased sharply in the past quarter-century, compared to the rate of output in earlier eras. While the “new” economic history, with its emphasis on economic theory and measurement, has attracted considerable attention during the last decade, “traditional” economic history, written along institutional lines, has continued to be significant, both quantitatively (in terms of numbers of books and articles) and qualitatively (as assessed by contributions to our understanding of economic processes.)