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cliometrics
(redirected from cliometrician)

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cliometrics

Application of economic theory and statistical analysis to the study of history, developed by Robert W. Fogel (b. 1926) and Douglass C. North (b. 1920), who were awarded the Nobel Prize for Economics in 1993 for their work. In Time on the Cross (1974), Fogel used statistical analysis to examine the relationship between the politics of American slavery and its profitability. North studied the link between a market economy and legal and social institutions such as property rights in such works as Structure and Change in Economic History (1981). See also econometrics.



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TFP was invented in the early 1990s by the cliometricians Donald McCloskey and Robert Allen.
His explanation combined a rudimentary version of the Austrian trade-cycle theory and a discerning presentation of the real-bills doctrine, along with an emphasis on the international factors that cliometricians have recently demonstrated to be decisive.
Quantitative economic history, or cliometrics, remains one of the most vibrant and productive fields of economics, and British cliometricians have been particularly prolific in recent years.
 
 
 
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