Applied History Project
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Faculty Director
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Co-Chair
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Faculty
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Associate Director
Applied History This Week: October 19, 2026
Article of the Week
“The Global AI Bust” by Ruchir Sharma (Chairman, Rockefeller International) in Foreign Affairs
Sharma compares the ongoing AI boom to historical technological bubbles. He argues that AI is a “hybrid” bubble offering the genuine promise of increases in productivity (such as the Internet revolution of the 1990s) but financed with substantial debt, usually an unhealthy indicator (as in the 2000s real estate bubble). Sharma proposes a framework of four “Os” for understanding tech bubbles: the industry becomes overvalued, overowned, overinvested, and overleveraged, no matter its potential future benefits. To critics who claim this time is different because profitable tech companies are driving the AI boom, Sharma responds that the giants of the dot-com era (Qualcomm, Oracle, Cisco) posted revenue “on par with Amazon, Google, and Microsoft today.”
Quote of the Week
“There can be no question that generalizations about the past, defective as they may be, are possible—and that they can strengthen the capacity of statesmen to deal with the future.”
– Arthur Schlesinger, War and the American Presidency (2004)
About the Applied History Project
The mission of Harvard’s Applied History Project is to revitalize applied history by promoting the production and use of historical reasoning to clarify public and private challenges and choices. Founded by Professors Graham Allison and Niall Ferguson in 2016, the Applied History Project builds upon the foundation laid by Professors Ernest May and Richard Neustadt in the 1980s, reflected in their book Thinking in Time: The Uses of History for Decision Makers.
Advancing its mission, the Project sponsors the Applied History Working Group of faculty members across Harvard University to organize discussions with scholars and practitioners; supports historians and policymakers in producing Applied History; develops courses in Applied History; funds the Ernest May Fellowships in History and Policy for pre- and post-doctoral students; and holds Applied History Events open to the Harvard Community and the public. Harvard’s project is one of the leaders among a rapidly expanding network of universities and think tanks that are furthering the discipline of Applied History by clarifying predicaments and choices to inform better decisions.
The Project gratefully acknowledges the Stanton Foundation's generous support for its Applied History endeavors.
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Applied History Course
"Reasoning from the Past: Applied History and Decision Making," taught by Fredrik Logevall, provides a basis for using history as a tool for analyzing foreign, security, and scientific policy, calling attention to some common fallacies in reasoning from history and discussing ways to avoid them.
Our Work
The Applied History project sponsors events, publishes a newsletter, and supports a course at the Kennedy School to fulfill its mission of promoting the production and use of historical reasoning in policymaking.