Forging Ahead, Falling Behind and Fighting Back: British Economic Growth from the Industrial Revolution to the Financial Crisis

Nicholas Crafts

ISBN 10: 1108438164 / ISBN 13: 9781108438162

Published by Cambridge University Press, 2018

About this Item

2018. Reprint. Paperback. . . . . . Books ship from the US and Ireland.

Seller Inventory # V9781108438162

Bibliographic Details

• Title: Forging Ahead, Falling Behind and Fighting Back: British Economic Growth from the Industrial Revolution to the Financial Crisis
• Publisher: Cambridge University Press
• Publication Date: 2018
• Language: English
• ISBN 10: 1108438164
• ISBN 13: 9781108438162
• Binding: Soft cover
• Condition: New

About this title

Synopsis

To what extent has the British economy declined compared to its competitors and what are the underlying reasons for this decline? Nicholas Crafts, one of the world's foremost economic historians, tackles these questions in a major new account of Britain's long-run economic performance. He argues that history matters in interpreting current economic performance, because the present is always conditioned by what went before. Bringing together ideas from economic growth theory and varieties of capitalism to endogenous growth and cliometrics, he reveals the microeconomic foundations of Britain's economic performance in terms of the impact of institutional arrangements and policy choices on productivity performance. The book traces Britain's path from the first Industrial Revolution and global economic primacy through to its subsequent long-term decline, the strengths and weaknesses of the Thatcherite response, and the improvement in relative economic performance that was sustained to the eve of the financial crisis.

About the Author

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).