I have had just over a week now to recover from the Economic History Society's annual conference, which we hosted in Belfast on 5-7 April. We had 261 registered delegates, presenting 152 papers in 46 sessions and two plenary lectures over three days. I think the conference was outstanding, which is all down to the excellent organisational skills of the EHS's administrative secretary, Maureen Galbraith, supported by our small army of postgraduate students. Thanks to all!
Palgrave Macmillan hosted a reception at the conference to celebrate over 12,000 ebook downloads of An Economist's Guide to Economic History. It was an opportunity for the book's contributors and readers to come together and think about what next in our quest to Make Economic History Great Again. We had some great suggestions for additional chapters for the second edition. And we also got some interesting ideas on how to make this website useful for colleagues using the book in their teaching.
One idea, which Matthias and I very much share, is to generate, and curate, teaching-ready audiovisual economic history material. Something I do in my own teaching is let the authors I am discussing speak about their own work in the form of a short video snippet. For senior academics I am usually able to find something good online, which I can then edit down to size; there are many great podcasts and videos involving economic historians out there to use (for example, the EHS films its plenary lectures). But this is more difficult to do for junior scholars. And so we will now embark on a campaign to encourage colleagues to generate new audiovisual material, starting with the contributors to the book!
While on the subject of videos, we have another book promo video for you. If you recall, we hosted our book launch in Belfast back in January, and Econ Films covered the day for us. They have just completed a video reportage of the events of the day. Enjoy!
Invitation: Celebratory Reception for An Economic's Guide to Economic History
Venue: Publishers' exhibition area, Economic History Society, Belfast
Time: 18:15-19:00, Friday 5 April
Queen's University Belfast is proudly hosting the 2019 conference of the Economic History Society, and delegates will soon be arriving at Belfast's two airports. The full conference programme is available over at the EHS website.
I am particularly excited about two our keynote lectures. Our very own Graham Brownlow will provide delegates with a local flavour in his plenary lecture on Friday, which is entitled 'Back to the Failure(s)? DeLorean and Northern Ireland’s Other Troubles'. Meanwhile, Gavin Wright's Tawney lecture on Sunday is entitled 'Slavery and Anglo-American Capitalism Revisited'.
As always, there are a number of interesting fringe events at the conference, including a poster session, book launches and museum visits. Among them, I am very pleased to announce that Palgrave Macmillan will be hosting a celebratory reception for An Economist's Guide to Economic History. After all, we have a lot to celebrate: the book has been downloaded more than 11,000 times since December! The reception will take place in the publishers' exhibition area of the conference venue, between 18:15 and 19:00 on Friday 5 April. Wine will be served, and all are welcome!
As many of the book's contributors will be present, we will try and use the opportunity to talk about next steps in our mission to Make Economic History Great Again (MEHGA). In particular, how can we make it even easier for economists to engage with economic history? How can we use this website to enhance the contents of the book? And what additional material should we commission for the next edition of the book?
I look forward to welcoming you all to Belfast!
This semester, I am lucky enough to be among the 40 fellows in residence at the Netherlands Institute for Advanced Study in the Humanities and Social Sciences in Amsterdam. This interdisciplinary institute, moulded after the Institute for Advanced Study in Princeton, hosts scholars conducting research from across the humanities and social sciences, from art history to epidemiology. We even have a poet!
I am working on the Dutch experience of the interwar gold standard. This is a co-authored project with Philip Fliers. We will be presenting a work-in-progress version of our paper at the Economic History Society Annual Conference in Belfast, in April.
As part of this project, I am about to start reading various biographies of Hendrikus Colijn, the prime minister in charge when the Dutch economy started going south in the 1930s. Colijn was a steadfast believer in gold, despite all the evidence that maintaining the link between the guilder and this precious metal was a really bad idea. How did he justify his policy beliefs?
An Economist's Guide to Economic History is all about learning from the past. Today we don't use gold standards. And most countries have abandoned fixed exchange rates. Yet I believe there remains lots to be learnt from the Netherlands in the 1930s.
As my NIAS colleague Bas Jacobs explains in his current research, Europe's recovery from the 2008 crisis was worse than its recovery in the 1930s. This is also the case for the Netherlands, which did particularly badly in the 1930s. Just as Colijn was enthralled in the dogma of gold, politicians and central bankers today also appear to also captured by long-debunked economic theories.
Video is probably the most important media format on the internet today. We are all constantly watching them. Often we watch them without the sound, relying just on the subtitles. And usually they are very short pieces of communication of less than 2:20 minutes (the maximum allowed by Twitter!).
I think that academics don't engage enough video. This is a missed opportunity, because video allows us to reach new audiences beyond our lecture theatres and seminar rooms.
A video have the potential to act as an "access drug", enticing viewers to download and read our books and articles, the pieces of academic communication we are more used to producing.
The barrier for most academics in producing video communications, however, is expertise. While it is easy enough to make a video, it is not at all easy to make a good video. Academics need help!
We have been very keen to make some video material to introduce the arguments of our book to potential readers. And with the generous financial support of Queen's Management School, we were able to commission Econ Films to do just that! We think it has turned out rather well.
We announced the publication of the book in two important newsletters earlier this month.
The first is the Economics Network's Newsletter. The Economics Network is the UK-based subject network for teaching and learning in economics. Supported, among others, by the Royal Economics Society, it aims to "enhance the quality of learning and teaching throughout the Higher Education economics community". The network curates an excellent website of teaching resources, and organises very useful training events for new university lecturers. I hope we can work with the Economics Network in future when thinking about designing new material that will help lecturers to implement our book's vision of greater engagement between economists and economic historians.
The second is the Max Weber Programme Newsletter. The Max Weber Programme is the interdisciplinary postdoctoral programme of the European University Institute. Every year, the programme hosts about 60 fellows from across the social sciences, and from around the world. All are at the very start of their academic careers. Fellows are usually very eager to learn about new ideas for research and gain valuable advice to improve their teaching. I am an alumni of the programme and look back on my time in Florence very fondly. I think that many of the alumni of the Max Weber Programme will share our book's aim of Making Economics Great Again (MEGA).
You can read the Economics Network's Newsletter here, and the Max Weber Programme Newsletter here.
An Economist’s Guide to Economic History was officially launched at Riddel Hall, Queen's University Belfast, on Friday 18 January 2019.
The launch coincided with a roundtable discussion on the past, present and future of economics as a discipline, with a particular focus on how it is taught at university and understood by the general public.
The roundtable was introduced by Dr Chris Colvin (Queen's University Belfast) and moderated by Dr Matthias Blum (Queen's Univresity Belfast), the book's editors. The second half of the workshop was moderated by Romesh Vaitilingam CBE (Communicating Economics)
The discussion on the day centered around answering five questions:
The workshop, which was attended by academic and professional economists and the general public, was filmed by Econ Films. A video of the event will be posted here soon.
A short press release for the book launch event (in MS Word format) can be downloaded here.
Textbooks are extremely expensive. As former students ourselves, we are conscious of the fact that this expense may prevent, or at the very least restrict, access to necessary teaching materials.
For this reason, we have made sure An Economist’s Guide to Economic History went "straight to paperback" and is therefore affordably priced. We hope that this enables students to purchase their own personal copies.
The paperback version of the book is now available for purchase directly from the publisher, through major online retailers, and from all good bookshops. We will also be selling copies at the book launch event in Belfast on 18 January (at the discounted price of £20).
It has taken a little longer to arrive than planned, but An Economist's Guide to Economic History is now be available as an ebook, priced at just £22. That is 50 chapters, 500 pages, or 4.4 pence per page; a very good deal!
If you have ordered the physical paperback edition, it should arrive in a couple of weeks - hopefully just in time for Christmas/New Year.
If your university's library has access to SpringerLink, why not try-before-you-buy? Following this link:
The book is now inching towards the finish line. The manuscript has been fully proofed, typeset and proofed again. We have made sure there are no weird formatting errors, that no references are missing in bibliographies and that authors' affiliations are up-to-date. This process has taken several weeks, but we are there now!
The book will be available later this month as an e-book. But it will take the publisher a little more time to print the physical copies; expect delivery of your pre-ordered paperback copy in December. The current price on Amazon (24.63 GBP) is slightly lower than the price offered by Palgrave Macmillan (27.99 GBP), but these prices seem to fluctuate a bit. The e-book version is cheaper still (21.99 GBP). Contributing authors will be able to purchase multiple copies through the publisher at a significant discount, for use in the classroom.
Launch Workshop News
In addition to Wendy Carlin and Nick Crafts, we are very excited to announce that Paul Winfree will be joining our panel of experts here in Belfast on 18 January to discuss the future of the relationship between economics and economic history.
Paul complements the other panellists by providing us with a policymaker's perspective. He currently works at the Heritage Foundation, a conservative public policy think tank based in Washington DC, where he directs the Thomas A. Roe Institute for Economic Policy Studies. He held various senior posts in the first year of the Trump administration, among them he served as Deputy Assistant to the President for Domestic Policy, a role which led him to help author Trump's first two budgets. His research is mostly in the fields of health economics and public finance, and he has also developed an interest in the history of economic thought.
Paul has a background in economic history; we were both graduate students together at the London School of Economics. He is currently researching the history of government budget-making in the US. I hope Paul will able to tell us how he thinks that economic history can be used practically to improve economic policymaking process today.
Here is a video of Paul interviewing economic historian Dierdre McCloskey in 2016. The topic of the interview is "How the World Grew Rich". Deirdre's answer, in a single word: freedom. You can read more about Deirdre's work on her website, and, of course, in various chapters of An Economist's Guide to Economic History!
We currently organising a launch workshop for An Economist's Guide at Riddel Hall, Queen's University Belfast, on 18 January 2019.
In addition to the editors and some of the book's many contributors, confirmed participants on the 18th include Wendy Carlin (Professor of Economics, University College London) and Nick Crafts (Professor of Economic History, University of Warwick).
Wendy is one of the driving forces behind the CORE project, which aims to revolutionise the way we teach first-year economics by "inverting" the curriculum and starting with topics usually left to the end (like game theory and information economics). The CORE syllabus is very interesting in that it tends to lead with empirical problems before moving to theoretical explanations, and so includes a lot of economic history.
Meanwhile, Nick is probably the most influential economic historian working in the UK today. He was appointed CBE in 2014 for services to economics and has become a regular commentator on the economics of Brexit. He has an excellent new book out which looks at the rise, fall, rise and fall again of the UK economy from the Industrial Revolution to the present day.
Our launch event will be covered by Econ Films, an award-winning production company specialised in making films about economics.
Please get in touch with me if you wish to attend our workshop.
In terms of an update on the book's progress through the presses, we are still on course for a November 2018 publication.