What major contribution did Fogel make to economic history?
Behavioral economics
Monetary policy
Cliometrics
Game theory
Answer
Cliometrics, a term coined by Robert Fogel, refers to the application of quantitative methods to economic history. Fogel's major contribution was to introduce econometric techniques and statistical analysis into the field, allowing historians to test economic theories and hypotheses with empirical data. This approach revolutionized economic history, providing a more rigorous and objective basis for understanding the past.
Mastering the Past: The Economic Insights of Robert Fogel
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