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In October 1993, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Economics to Robert William Fogel and Douglass Cecil North `for having renewed research in economic history.' The Academy noted that `they were pioneers in the branch of economic history that has been called the þnew economic history, þ or þcliometricsþ.' In this paper I address what this cliometrics is and how these two Nobel Prize winners furthered the discipline of economics.