Is Eichengreen criticized for overemphasizing history?
Some might argue that my emphasis on historical detail could distract from the core economic mechanisms at play. However, I believe that institutions and historical context are not mere background noise but are crucial determinants of economic outcomes. Ignoring them risks presenting a simplified, incomplete, and potentially misleading picture of how economies function and crises unfold. The 'uses and misuses of history' are central to my inquiry.
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