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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Bradford DeLong

Brian Snowdon


Bradford DeLong was born in 1960, in Boston, Massachusetts. He completed both his undergraduate and graduate studies at Harvard University between 1978 and 1987 where he obtained his BA (1982) summa cum laude, MA (1985) and PhD (1987) in economics. From 1987 to 1988 Bradford DeLong was Assistant Professor of Economics at Boston University, before moving to Harvard where he was Assistant Professor (1988–91) then Frederick S. Danziger Associate Professor of Economics (1991–93). In 1993 he joined the University of California at Berkeley as Associate Professor of Economics (1993–97) before taking up his current position as Professor of Economics in 1997. Professor DeLong is a leading macroeconomist and economic historian, and is best known for his work on economic growth, business cycles, finance and globalisation. Recently Professor DeLong has written extensively on the rise of the ‘E-conomy’ and the implications for economics and economies of the digital and informational revolutions. Among the numerous articles he has written his best known include: ‘Is price flexibility stabilising?’ (with Lawrence Summers), American Economic Review (December, 1986); ‘The changing cyclical variability of economic activity in the United States’ (with Lawrence Summers), in Robert J. Gordon (ed.) (1986); ‘How does macroeconomic policy matter’? (with Lawrence Summers), Brookings Papers on Economic Activity (Fall, 1988); ‘Productivity growth, convergence and welfare’, American Economic Review (December, 1988); ‘Equipment investment and economic 281 282 Interviews growth’ (with Lawrence Summers), Quarterly Journal of Economics (May, 1991); ‘The stock market bubble of 1929: Evidence from closed-end funds’ (with...

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