My argument implies that, divorced from history, economics is a rudderless ship and economists without history have not much idea of where it is sail… - Eric Hobsbawm

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My argument implies that, divorced from history, economics is a rudderless ship and economists without history have not much idea of where it is sailing to. But I am not suggesting that these defects can be remedied simply be getting some charts, that is by paying more attention to concrete economic realities and historical experience. As a matter of fact, there have always been plenty of economists ready and anxious to keep their eyes open. The trouble is that, if in the mainstream tradition, their theory and method as such has not helped them to know where to look and what to look for.