Cliometrics

AAA

DEFINITION of 'Cliometrics'

A method of analyzing history through the application of quantitative methods. Also called new economic history, cliometrics uses economic theory and econometrics to gain insight into the past with modeling and statistics. Cliometrics was developed around 1960, and the Cliometric Society was founded in 1983. In 1993, Douglass North and Robert Fogel won the Nobel Prize in Economics for their pioneering work in cliometrics.

INVESTOPEDIA EXPLAINS 'Cliometrics'

Two academic journals that deal with cliometrics are the Economic History Review, Cliometrica and Explorations in Economic History. Examples of article topics include nineteenth century labor productivity in the United States and United Kingdom, credit rationing and crowding out during the Industrial Revolution, and the relationship between population and real wages in Italian history.

RELATED TERMS
  1. Keynesian Economics

    An economic theory of total spending in the economy and its effects ...
  2. Robert W. Fogel

    An American economic historian and scientist who won the 1993 ...
  3. Douglass C. North

    An American economist and winner of the 1993 Nobel Memorial Prize ...
  4. Joseph Stiglitz

    An American neo-Keynesian economist and winner of the 2001 Nobel ...
  5. Free Enterprise

    An economic system where few restrictions are placed on business ...
  6. Laissez Faire

    An economic theory from the 18th century that is strongly opposed ...
Related Articles
  1. The Austrian School Of Economics
    Economics

    The Austrian School Of Economics

  2. Understanding Supply-Side Economics
    Economics

    Understanding Supply-Side Economics

  3. The Uncertainty Of Economics: Exploring ...
    Economics

    The Uncertainty Of Economics: Exploring ...

  4. The History Of Economic Thought
    Economics

    The History Of Economic Thought

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center