CRAFTS, Nicholas
Profits of doom?
- Oxford, UK : Alden Press, November-December 2008
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