What was a key aspect of Fogel's Nobel-winning work?
Use of quantitative methods in history
Development of supply-side economics
Analysis of modern capitalism
Study of classical economics
Answer
Fogel's Nobel-winning work was groundbreaking in its use of quantitative methods in history. He applied statistical techniques and economic models to analyze historical data, challenging traditional narratives and providing new insights into the past. This approach allowed him to quantify economic and social phenomena, such as the impact of slavery on the US economy, and to test hypotheses with empirical evidence.
Mastering the Past: The Economic Insights of Robert Fogel
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