Beschreibung:
Nicholas Crafts is Professor of Economic History at the University of Warwick. His many publications include The Great Depression of the 1930s: Lessons for Today (2013), co-edited with Peter Fearon, Work and Pay in 20th Century Britain (2007), co-edited with Ian Gazeley and Andrew Newell, and British Economic Growth during the Industrial Revolution (1985).
1. Introduction; 2. The first Industrial Revolution; 3. American overtaking; 4. The interwar years: onwards and downwards; 5. Falling behind in the Golden Age; 6. From the Golden Age to the financial crisis; 7. Concluding comments.
Highlights the interactions between institutions and policy choices, as well as the importance of historical constraints on Britain's relative economic decline.