The Difference Between Economists and Historians

Economists love simple, universal explanations. Historians on the other hand, they love complexity. The best history writing is full of specific details about individuals and institutional features that triggered this or that change at this exact time. For most historians, this is a form of dark magic. We are sorcerers. Of course, we know the market works, but the market is in the vapors. Even something as large as the railroads, i can make into a marginal decision. You can't touch it. You can’t feel it. You cannot find it in an archive. Why the price changed? And by enlarge, for most historians,This is a formof dark magic.