BSc (Hons) Economics with History (BSc (Hons))

University of Buckingham the United Kingdom

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About BSc (Hons) Economics with History at University of Buckingham

A proper understanding of economics requires historical perspective. The rationalist structure of modern economic theory is a powerful explanatory tool and is of universal significance – but the importance of the institutional context is often overlooked. If the reality of scarcity, the exercise of choice and the inescapable nature of opportunity cost are timeless and universal, the social mechanisms, laws, conventions and institutions within which individual and collective choices are made evolve continuously. In his book Structure and Change in Economic History (1981) the recent Nobel Prize winner in economics (Douglas North) wrote that ‘for long enough periods of time to be crucial to the historian, human culture produces diverse, conflicting, and inefficient solutions’ (p.7).

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  • The awardBSc (Hons)How you will studyFull-timeHow long you will study find out
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