Eliminating history from economic thought

Formal analysis, in which maximizing agents use today's "true" model of the economy to form expectation upon which they then base their behaviour, trivializes the role of the future in economic life and ignores the possibility that the past's models, which helped generate the data against which today's models are tested, differed from the latter. Such analysis denies that economics has a relevant history, and its current dominance explains the decline of the history of economic thought within the discipline. -- Time ; Progress ; Empirical Evidence ; True Model ; Rational Expectations