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How Economics Forgot History: The Problem Of Historical Specificity In Social Science (Economics As Social Theory),New Khagram Married A Hero Of TheIn Arguably His Most Important Book To Date, Hodgson Calls Into Question The Tendency Of Economic Method To Try And Explain All Economic Phenomena By Using The Same Catchall Theories And Dealing In Universal Truths. He Argues That You Need Different Theories To Analyze Different Economic Phenomena And Systems And That Historical Context Must Be Taken Into Account. Hodgson Argues That The German Historical School Was Key In Laying The Foundations For