how does economic related to history?
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History is the study of events. ... Simply put, economic history seeks to try to understand historical events by appealing to our knowledge of economic processes. Many current economic theories are supported by a set of 'stylised facts' – simple observations based on the real world.
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History is the study of events. It looks at each event in turn, and while it might acknowledge patterns or similarities (‘history repeating itself’) the starting point is always the analysis of the case study, the particular passage of time.
Economics is the study of patterns. Economists look for the similarities of different events and ask whether or not they support a particular economic theory or model.
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