Winner of the Gunnar Myrdal Prize of the European Association for Evolutionary Political Economy for 2009.

Developments within economics of incorporating the historical (and the social, institutional, etc more generally) have been welcomed as progress over excessive formalism and lack of realism. But, by situating these developments in terms of the shifting relationship between economics, the historical and an evolving economics imperialism, a fuller understanding of the role of economic theory and the historical is presented as a prerequisite for analysis that aspires fully to address economic and historical change.

Dimitris Milonakis is Associate Professor and Head of the Department of Economics at the University of Crete.

Ben Fine is Professor of Economics at the School of Oriental and African Studies, University of London.

1 Introduction, 2 Smith, Ricardo and the First Rupture in Economic Thought, 3 Mill's Conciliation, Marx's Transgression, 4 Political Economy as History: Smith, Ricardo, Marx, 5 Not by Theory Alone: German Historismus, 6 Marginalism and the Methodenstreit, 7 The Marshallian Heritage, 8 British Historical Economics and the Birth of Economic History, 9 Thorstein Veblen: Economics as a Broad Science, 10 Commons, Mitchell, Ayres and the Fin de Siècle of American Institutionalism, 11 In the Slipstream of Marginalism: Weber, Schumpeter and Sozialökonomik, 12 Positivism and the Separation of Economics from Sociology, 13 From Menger to Hayek: The (Re)Making of the Austrian School, 14 From Keynes to General Equilibrium: Short and Long Run Revolutions in Economic Theory, 15. Beyond the Formalist Revolution