Economic History as Humanomics

Essays in any field of the intellect about “whither the future of X” have a deep intellectual problem of an economic character. The future is coming, whether we like it or not, and our bets on its outcome will determine how we personally do. But if good predictions were achievable by studying econometrics or by following Warren Buffett, we would all be above average, as in Lake Wobegon. And we are not. So in sober truth, such sessions are actually about “What Do I Want Economic History to Become.” Herewith, I am therefore to be allowed to make unrealistic “predictions.”

Find the full chapter here.