Nicholas Crafts

Professor of Economic History
Director of ESRC CAGE Research Centre
Department of Economics
The Economic and Social Research Council (ESRC)
University of Warwick

Fields of interest

Historical experience of economic growth

Research topics include:

  • The Industrial Revolution
  • British relative economic decline
  • The history of general purpose technologies
  • Why growth rates differ

Recent publications


British Economic Growth during the Industrial Revolution, Oxford: Clarendon Press, 1985; reprinted in paperback 1986, 1987, 1990, 1991.

Edited Books

The Great Depression of the 1930s: Lessons for Today (with P. Fearon), Oxford: OUP, 2013.

Monetary and Banking History: Essays in Honour of Forrest Capie (with G. E. Wood and T. C. Mills), London: Routledge, 2011.

Work and Pay in Twentieth Century Britain (with I. Gazeley and A. Newell), Oxford: OUP, 2007.

Papers in Refereed Journals

Six Centuries of British Economic Growth: a Time-Series Perspective (with T. C. Mills), European Review of Economic History (2017), volume 21, forthcoming.

Reducing High Public Debt Ratios: Lessons from UK Experience, Fiscal Studies (2016), volume 31, pp. 201-223.

Economic Growth: Onwards and Upwards?, Oxford Review of Economic Policy, (2015), 31, 217-241.

Self-Defeating Austerity? Evidence from 1930s’ Britain (with T. C. Mills), European Review of Economic History, (2015), 19, 109-127.

Geography and Intra-National Home Bias: U.S. Domestic Trade in 1949 and 2007 (with A. Klein), Journal of Economic Geography, (2015), 15, 477-497.

UK Economic Growth since 2010: Is It as Bad as It Seems?, National Institute Economic Review, (2015), 231, R17-R29.

The Location of the UK Cotton Textiles Industry in 1838: a Quantitative Analysis (with N. Wolf), Journal of Economic History, (2014), 74, 1103-1139.

What Does the 1930s’ Experience Tell Us about the Future of the Eurozone?, Journal of Common Market Studies, (2014), 52, 713-727.

Ireland’s Medium Term Growth Prospects: a Phoenix Rising?, Economic and Social Review, (2014), 45, 87-112.

Rearmament to the Rescue? New Estimates of the Impact of Keynesian Policies in 1930s’ Britain (with T. C. Mills), Journal of Economic History, (2013), 73, 1077-1104.

Returning to Growth: Policy Lessons from History, Fiscal Studies, (2013), 34, 255- 282.

Long-Term Growth in Europe: What Difference does the Crisis Make?, National Institute Economic Review, (2013), 224, R14-R28.

Review Essay: Trade and Poverty by Jeffrey Williamson, Economic Journal, (2013), 123, F193-F197.

Economic History Matters, Economic History of Developing Regions, (2012), 27, S3- S15.

Making Sense of the Manufacturing Belt: Determinants of US Industrial Location, 1880-1920 (with A. Klein), Journal of Economic Geography, (2012), 12, 775-807.

British Relative Economic Decline Revisited: the Role of Competition, Explorations in Economic History, (2012), 49, 17-29.