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The ensuing remarks are addressed to two topics which seem to me important: (a) what conflicts, if any, are there between business history and economic history; and (b) how can research in the two areas be mutually helpful.

As Fritz Redlich has had occasion to point out, business history is neither of American nor of recent vintage–that interest in company histories which began on the Continent early in the nineteenth century had by 1900 prompted at least one prominent German scholar to suggest how a study of business might be developed into an academic discipline. What was new in the United States was the term "business history," and what is more relevant for my comments in this paper were the circumstances that led to its emergence as a special field and the effect that this separation has had on the relationship between business history and economic history.

What is the relationship of economic history to the study of comparative economic systems? Perhaps the major contribution to thought on this subject has been made by Walter Eucken, whose ideas may be taken as the starting point for our discussion.

"The lessons of history" were widely invoked in 2008/09 as analysts and policymakers sought to make sense of the global financial crisis. Specifically, analogies with the early stages of the Great Depression of the 1930s were widely drawn. Building on work in cognitive science and literature on foreign policy making, this article seeks to account for the influence of this particular historical analogy and asks how it shaped both perceptions and the economic policy response. It asks how historical scholarship might be better organized to inform the process of economic policymaking. It concludes with some reflections on how research in economic history will be reshaped by the crisis.

Front Cover; Economic History: Made Simple; Copyright Page; PREFACE; ACKNOWLEDGEMENTS; Table of Contents; SECTION I: THE EMERGENCE OF THE FIRST INDUSTRIAL NATION, 1760-1830; CHAPTER 1. INTRODUCTION; What is Economic History?; The Concept of an Industrial Revolution; Rostow's Theory of Economic Growth; The Philosophical Rationale for Sustained Economic Growth; Suggested Further Reading; Exercises; Summary; CHAPTER 2. THE PREQUISITES FOR SUSTAINED ECONOMIC GROWTH; Favourable Background Conditions; Availability of Capital; Growth of Population; The Agrarian Revolution