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econ 5140 midterm 1 Questions with Verified Answers
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---6July 20252024/2025A+
- Solow's critique of economic history - ANSWERSViews economic history as the lab for economics. 
Believes we need to understand when theories and ideas hold and do not hold in history 
 
McCant's 5 ways historians can do "good economics" - ANSWERS1. Using the archive to produce an accurate reconstruction of the past. 
2. Considering the paths that were not taken. 
3. Historians can critique the present. 
4. Imagine the world others lived in 
5. Avoid nostalgia 
 
4 issues with utilit...
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