This response argues that though one may share Boldizzoni’s critique of conventional economics, he mischaracterizes many of those he criticizes. The pejorative label of “pseudohistory” that he applies to others, is self-defeating. As a description it might be applied to many of the more interesting facets of his own work. What cannot be conceded is the position of the innocent and detached observer he claims for the historian.
G.L. Kaminsky and Carmen M. Reinhart.1999. “The Twin Crises: The Causes of Banking and Balance-of-Payments Problems.” American Economic Review, 89(3): 473–500. Carmen Reinhart & Guillermo Calvo, “When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options,” mpraPaper 6982, University Library of Munich, Germany, 2000).
North et al., Violence, 153. Douglass C. North, John Joseph Wallis, Steven B. Webb and Barry R. Weingast, “Limited Access Orders: Rethinking the Problems of Development and Violence” 1 January 25, 2011 https://web.stanford.edu/group/mcnollgast/cgi-bin/wordpress/wp-content/uploads/2013/10/Limited_Access_Orders_in_DW_-II_-2011.0125.submission-version.pdf.
A theme taken up by Gopal Balakrishnan, ‘Speculations on the Stationary State’, New Left Review59, September–October 2009 and within the economics mainstream by the debate started by Robert Gordon “Is Is u.s. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds” nber Working Paper No. 18315 (August 2012) http://www.nber.org/papers/w18315. See also Secular Stagnation: facts causes and cures (2014) http://www.voxeu.org/article/secular-stagnation-facts-causes-and-cures-new-vox-ebook.