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Financial history and financial economics

Author

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  • Turner, John D.
Abstract
This essay looks at the bidirectional relationship between financial history and financial economics. It begins by giving a brief history of financial economics by outlining the main topics of interest to financial economists. It then documents and explains the increasing influence of financial economics upon financial history, and warns of the dangers of applying financial economics unthinkingly to the study of financial history. The essay proceeds to highlight the many insights that financial history can potentially provide to financial economics. The main conclusion of the essay is that financial economics can potentially learn more from financial history than vice versa.

Suggested Citation

  • Turner, John D., 2014. "Financial history and financial economics," QUCEH Working Paper Series 14-03, Queen's University Belfast, Queen's University Centre for Economic History.
    • Handle: RePEc:zbw:qucehw:1403
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    More about this item

    Keywords

    financial economics; financial history; asset pricing; agency; corporate finance; behavioural finance; options;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative

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