Economic history is the study of the economic characteristics and aspects of societies throughout history, such as the examination of past economic performances, analysis of labour and capital trends, and study of the historical use of economic resources, including land resources. Historical economic analysis combines disciplinary methods of historical investigation, statistical study, economic theory, and its application to historical events and institutions. The history of economics is significantly different from more traditional subsets of history, in that it focuses on less culturally individual aspects of history and instead on economic questions that are intertwined with a particular history or issue of historical study, such as: the supply and demand of goods and services and their influence on historical development, distribution of wealth throughout societies, production costs and analyses, income brackets, investment structures, and international and transoceanic trade practices.
As a topic economic history is involved closely with financial theory and business studies, and overlaps as well with areas of social demographics and labour history, since it invariably deals with human aggregates as well as human structures and formations of economics. Typical areas of study include economic globalization within a historical perspective, hierarchies of business organization in relation to economic performance, and the socio-economic effects of war, migration, and third world development.
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