Nicholas Crafts

Nicholas Francis Robert Crafts CBE (9 March 1949 – 6 October 2023) was a British economist who was known for his contributions to economic history, in particular on the Industrial Revolution.^[1]

He was Professor of Economic History at the University of Sussex Business School from 2019 until his death, Professor of Economics and Economic History at the University of Warwick from 2005 to 2019, and Professor of Economic History at London School of Economics and Political Science (LSE) between 1995 and 2005.

His main fields of interest were the British economy in the last 200 years, European economic growth, historical data on the British economy, the Industrial Revolution and international income distribution, especially with reference to the Human Development Index. He produced a substantial body of papers for academic journals, the British government and international institutions such as the International Monetary Fund.

During the 1980s Crafts argued that during the Industrial Revolution an abnormally high (compared to countries which industrialised later) proportion of the British economy came to be devoted to industry and international trade, and that the British economy always tended to grow slowly. When Britain was overtaken by Germany and the USA - both larger countries - in the late nineteenth century, this was not because of any deceleration of British performance.