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Articles by Nicholas Crafts

Profits of Doom?
- Nicholas Crafts
in NLR 54, November-December 2008, pp. 49-60
Subjects: Economic Theory , World Economy and Globalization

Can the economic history of the past three to four decades be accurately depicted as a long downturn? Contesting Robert Brenner’s account of them in his Economics of Global Turbulence, Nicholas Crafts argues that the ‘Great Moderation’ is a better description of a period in which the United States came to enjoy a strong lead in productivity growth.
Read this article or download a PDF file
Also available in Spanish

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