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| List of figures | |
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| List of tables | |
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| Acknowledgements | |
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| Preface | |
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| Introduction: the world economy in historical perspective | |
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| Three themes: growth, stability and trade | |
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| The role of government | |
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| Institutions for growth, stability and trade | |
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| Market failure | |
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| Government failure | |
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| The 'Washington consensus' | |
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| Towards a 'post-Washington consensus' | |
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| Twentieth-century history as economic history | |
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| Alternative measures of progress | |
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| In praise of 'historical economics' | |
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| Economic growth and development: a very long-run view | |
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| Why is economic growth so important? | |
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| Modern economic growth in historical perspective | |
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| Extensive, Smithian and Promethean growth | |
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| Agriculture and the 'Wealth of Nations' | |
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| The 'Industrial Revolution' | |
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| Growth, development and the 'End of History' | |
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| From 'Golden Age' to 'slowdown' | |
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| Britain's 'relative' economic decline | |
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| Can the United States retain its economic leadership? | |
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| Growth theories: old and new | |
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| The renaissance of economic growth research | |
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| Proximate v. fundamental sources of growth: a 'universal equation' | |
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| Three stories of growth | |
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| The Harrod-Domar growth model | |
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| The Solow neoclassical growth model | |
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| Accounting for the sources of growth | |
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| The convergence debate | |
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| Beyond the Solow model: endogenous growth theories | |
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| A neoclassical revival? | |
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| Paul Romer mark I: constant returns to capital accumulation | |
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| Paul Romer mark II: the economics of ideas | |
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| Focusing on the fundamental causes of growth | |
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| The politicisation of growth analysis | |
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| The allocation of talent | |
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| The role of geography | |
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| The ideal conditions for growth and development: rediscovering old truths | |
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| Managing aggregate economic instability: from Keynes to Lucas | |
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| The ups and downs of capitalism | |
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| The 'Great Depression' | |
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| Causes of the Great Depression | |
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| The Gold Standard and the Great Depression | |
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| The political and human costs of instability | |
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| Classical and Keynesian visions | |
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| The 1970s Keynesian crisis | |
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| Transforming macroeconomics: the influence of Robert E. Lucas Jr. | |
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| New classical real business cycle theory | |
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| A Keynesian resurgence? | |
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| Searching for a nominal anchor: inflation targeting | |
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| Monetary policy for stability: a new Keynesian perspective | |
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| Twentieth-century developments in macroeconomics: revolution or evolution? | |
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| International economic integration in the second global age | |
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| Whither international economic integration? | |
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| Globalisation in history | |
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| War, peace, democracy and prosperity | |
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| The economic case for an open trading system | |
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| Challenges to free trade: protectionism, old and new | |
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| Economists v. policy entrepreneurs, politicians and pundits | |
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| International financial crises | |
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| Regionalism and preferential trade | |
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| Trade and economic development | |
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| Trade and economic growth | |
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| Conclusion: the twenty-first century | |
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| Interviews | |
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| Ben Bernanke (Princeton University, USA) | |
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| Jagdish Bhagwati (Columbia University, USA) | |
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| Alan Blinder (Princeton University, USA) | |
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| Nick Crafts (London School of Economics, UK) | |
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| Bradford DeLong (University of California, Berkeley, USA) | |
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| Barry Eichengreen (University of California, Berkeley, USA) | |
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| Kevin Hoover (University of California, Davis, USA) | |
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| Charles Jones (University of California, Berkeley, USA) | |
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| Christina Romer (University of California, Berkeley, USA) | |
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| Joseph Stiglitz (Columbia University, USA) | |
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| Appendix | |
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| References | |
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| Index | |