Friday, April 11, 2008

This sounds like an interesting book


The Lessons of Business History: A Handbook

Over the last few decades, business historians have generated rich empirical data that in some cases confirms and in other cases contradicts many of today's fashionable theories and assumptions by other disciplines, says Harvard Business School professor Geoffrey Jones, who edited the volume with University of Wisconsin-Madison professor Jonathan Zeitlin.

But unless you were a business historian, this data went largely unnoticed, and the consequences were not just academic.

"This loss of history has resulted in the spread of influential theories based on ill-informed understandings of the past," says Jones.

For example, current accepted advice is that wealth and growth will come to countries that open their borders to foreign direct investment. "The historical evidence shows clearly that this is an article of faith rather than proven by the historical evidence of the past," says Jones
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