Conversations on Growth, Stability and Trade
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Conversations on Growth, Stability and Trade

An Historical Perspective

Brian Snowdon

This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the ‘Great Depression’, the ‘Great Peacetime Inflation’, the conduct of stabilisation policy, international economic integration and globalisation.
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Nick Crafts

Brian Snowdon


Nick Crafts was born in 1949, in Nottingham, UK. He graduated with first class honours in the Economics Tripos (1970), from Trinity College, University of Cambridge and he was awarded the 1970 Wrenbury scholarship for the best economics degree. During his academic career Nick Crafts has been a Lecturer in Economic History at the University of Exeter (1971–2); Lecturer in Economic History, University of Warwick (1972–77); Visiting Assistant Professor of Economics, University of California, Berkeley (on leave, 1974–76); Lecturer in Economics, University of Oxford (1977–86); Visiting Professor of Economics, Stanford University (on leave, 1982–83); Professor of Economic History, University of Leeds (1987–88); Professor of Economic History, University of Warwick (1988–95); and Professor of Economic History, London School of Economics (1995 to date). Professor Crafts is recognised as one of the world’s leading economic historians who has published extensively on the economic development of the British economy, the Industrial Revolution, demographic aspects of economic development, cliometrics, and quantitative aspects of economic growth in Britain, Europe and the world economy in the twentieth century. Among his numerous articles his best known include: ‘Industrial Revolution in England and France: Some thoughts on the question – Why was England first?’, Economic History Review (Vol. 30, No. 3, 1977); ‘National income estimates and the British standard of living debate: A reappraisal of 259 260 Interviews 1801–31’, Explorations in Economic History (April, 1980); ‘Patterns of economic development in nineteenth century Europe’, Oxford Economic Papers (November, 1984); ‘Comparative advantage...

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