History doesn’t repeat itself. Sometimes, though, it rhymes.
That idea animates our revamped "Echoes" blog, dedicated to the history of economics, business, finance and, above all, capitalism. Our contributors will aim to unearth parallels between past and present, highlighting how the economic crises of our own era are perhaps not as unique as we think.
What we cover will be driven largely by current events. And, if history is any guide, the coming months and years will be dominated by the reverberations from the worst financial crisis since the 1930s. A crew of historians will weigh in on how our own hard times measure up against the Great Depression.
The echoes, of course, will reach back further and range more widely than the 20th century. We'll try to connect the speculative bubbles of 18th-century Europe with the sub-prime crises of the 21st century; or the breakneck economic growth of the U.S. 200 years ago with the meteoric rise of China today.
Many of history's best economic stories can’t be reduced to numbers and charts. They're dramatic tales of hubris, innovation, brilliance and luck -- of people caught in the grips of forces that they don't fully comprehend. We'll be trying to tell those stories here.
(Stephen Mihm, an associate professor of history at the University of Georgia, oversees the Echoes blog. The opinions expressed are his own.)
This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.
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