Wednesday, November 20, 2013

Caplin on the Economic illiteracy of Historians

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from the article:

So what should history textbooks say about these matters?  This: Working conditions during the early Industrial Revolution were bad by modern standards, but a major improvement by the standards of the time.  Factory work looked good to people raised on backbreaking farm labor - and it looked great to the many immigrants who flocked to the rising centers of industry from all over the world.  This alliance of entrepreneurs, inventors, and workers peacefully kickstarted the modern world that we enjoy today. 

And what of the "workers' movement"?  A halfway decent textbook would emphasize that it wasn't quantitatively important.  Few workers belonged, and they didn't get much for their efforts.  Indeed, "workers' movement" is a misnomer; labor unions didn't speak for most workers, and were often dominated by leftist intellectuals.  A fully decent textbook would discuss the many possible negative side effects of labor market regulation and unionization - so students realize that the critics of economic populism were neither knaves nor fools. 

The Big Picture: Industrialization was the greatest event in human history.  Critics then and now were foolishly looking a gift horse in the mouth.  Until every student knows these truths by heart, history teachers have not done their job.

Source: Brian Caplin,"The Economic Illiteracy of High School History," econlog.com, November 20, 2013

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