in nature. Moreover, while drawing on the history of economics and the history of physics, I argue that the history of a … the history of economics and economic history. I distinguish my approach from two closely related positions that emphasize … learning from the past for scientific purposes. In my conclusion, I argue that that if economics departments continue to …

–“natural rate theory”- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the “natural rate theory,” focusing on labor market institutions only and … confronts the economic trends with the interpretations of the “natural rate theory” and argues that they hardly fitting the …