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Forging Ahead, Falling Behind and Fighting Back - British Economic Growth from the Industrial Revolution to the Financial Crisis (Hardcover)
Loot Price: R1,896
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Forging Ahead, Falling Behind and Fighting Back - British Economic Growth from the Industrial Revolution to the Financial Crisis (Hardcover)
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Total price: R1,916
Discovery Miles: 19 160
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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.
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