Articles by Nicholas Crafts
Profits of Doom?
NLR 54, November-December 2008, pp. 49-60in
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,