What can macroeconomic history offer macroeconomic theorists and macroeconometricians? Macroeconomic history offers more than longer time series or special `controlled experiments.' It suggests an historical definition of the economy, which has implications for macroeconometric methods. The...

John entered the MIT graduate program during the early, lofty days of the “new” economic history, and emerged as one of its most deft, sensible and versatile practitioners. His PhD dissertation—directed by Peter Temin—exemplifies the promise of this new approach to historical analysis....

Wage, price, and output indexes suitable for comparing cyclical movements across decades show a decrease in nominal wage flexibility (the change in wage inflation associated with output fluctuations) after the 1880s, following an increase in strike frequency linked to the spread of large-scale...