Economic Thought and History looks at the relationship between facts and thought in historical economic research, viewing it in the context of periods of economic crisis and providing detailed analyses of methods used in determining the bond between economic history and economic theory.

This interdisciplinary collection brings together international researchers in the history of economic thought and economic history in order to confront varying approaches to the study of economic facts and ideas, rethinking boundaries, methodologies and the object of their disciplines. The...

The increasing division and specialization of labor between the market and the nonmarket sector is a central stylized fact of long run economic development. Over time, a large share of activities which had formerly been carried out by the private household itself has become replaced by market alternatives, raising at the same time the demand for consumer goods.

The neoclassical economic framework of household production theory relates the increasing demand for household technology to rising wages and opportunity costs of time: the higher the wage rate, the more costly it is to spend...