For his pioneering connection of economics and history with evolutionary and epistemological theory and the development of knowledge and technology; for permitting a new, comparative view of economic development and industrialization in particular in the West; for the variety of content, themes, and methods of his work, which ranges from the cliometrics of the New Economic History to the qualitative interpretation of ground-breaking texts, and avoids monocausal explanations.
Excerpt from The Balzan Prizewinners’ Research Projects: An Overview 2020