In this episode, we are joined by Prof. Nicholas Crafts. Nick covers the interwar period, the Great Depression, the Golden Age and Secular Stagnation. We also discuss the "social capabilities" of economies and the idea that an appropriate "institutional fit" for one economic age will not necessarily be the correct configuration to exploit the opportunities of the next epoch.
In this episode, we are joined by Prof. Nicholas Crafts. Nick covers the interwar period, the Great Depression, the Golden Age and Secular Stagnation. We also discuss the "social capabilities" of economies and the idea that an appropriate "institutional fit" for one economic age will not necessarily be the correct configuration to exploit the opportunities of the next epoch.