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Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions.
The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (inflation adjusted for 2013), and did not rise much until the Industrial Revolution .
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
The economic activities of Bantu states in the region largely reflected the resources of the area and the economic traditions of the inhabitants. For example, the economic power of the Rozwi Empire was based on cattle wealth and farming, with significant gold mining. They established trade with Arab traders, in which materials such as gold ...
The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day.
An information system is a form of communication system in which data represent and are processed as a form of social memory. An information system can also be considered a semi-formal language which supports human decision making and action. Information systems are the primary focus of study for organizational informatics. [22]
An important area of growth was the study of information and decision. Examples of this school included the work of Joseph Stiglitz. Problems of asymmetric information and moral hazard, both based around information economics, profoundly affected modern economic dilemmas like executive stock options, insurance markets, and Third-World debt relief.
The History of Statistics in the 17th and 18th Centuries against the changing background of intellectual, scientific and religious thought (Lectures by Karl Pearson given at University College London during the academic sessions 1921-1933). New York: MacMillan Publishing Co., Inc. p. 744. ISBN 978-0-02-850120-8. Salsburg, David (2001).