Professor Nick Crafts (University of Warwick)
“From the 18th to the 21st Century: a Perspective on 250 Years of Economic Growth”
2nd, 4th, 9th and 11th November 2009
Law Faculty, West Road, Cambridge
These lectures consider the evolution of the performance of the British economy over the long run taking the view that 'history matters' but so do the microeconomic foundations of growth. Starting with the Industrial Revolution, the growth record of the British economy is re-examined and key controversies are re-appraised. The objective is to provide a coherent account of British relative economic decline which emphasizes the interactions between institutions and policy choices in the context of historical constraints. The argument is tested by seeking also to explain the apparent end of relative decline recently.