The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU). While it is possible to point to similar historical experiences, the most obvious of which were in the 19th century, occurred in Europe, and had “union†as part of their names, EMU...

This paper tells the story of the field of the history of economic thought in relation to the changing boundaries between the disciplines of economics and economic history. The most important period was the late nineteenth century when, after a couple of decades during which both economists and...